NBK bad loans exposure shrinks to Ksh.29 billion

By Kepha Muiruri,

KCB Group has continued its clean up of the National Bank of Kenya (NBK) books with the lender’s share of gross non performing loans (NPLs) shrinkin...

KCB profit down 43 percent from higher loans default cover

By Kepha Muiruri,

KCB Group has reported a 43 per cent decline in profit through the first nine months of the year to September 30, 2020. The lender’s profit in the p...

COVID-19 fund raises Ksh.3.5 billion in donations

By Kepha Muiruri,

The management of the COVID-19 emergency response fund has confirmed the receipt of Ksh.3.5 billion in donations from members of public and companies ...

coronavirus , Covid-19 emergency fund

KCB commences Ksh.3.2 billion payments to Imperial Bank depositors

By Kepha Muiruri,

KCB Group has began processing payments to Imperial Bank Limited in Receivership (IBLR) depositors following its acquisition of part of the defunct le...

CBK , imperial bank , KCB Group , Kenya Deposit Insurance Corporation (KDIC)

e-conference for leading women in banking, finance to promote gender diversity in leadership

By Rachel Ombaka,

The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15-16, October, 2...

andia chakava , Graca Machel Trust , Kenya Bankers Association , New Faces New Voices

Loan defaults derail bank earnings

By Kepha Muiruri,

Growing borrowers risk profiles and loan defaults have thrown bank earnings off the trail as lenders continue to provision billions towards expected c...

COVID-19 , IFRS 9 , non performing loans (NPLs)

KCB Group half-year profit plummets by 40percent due to COVID-19

By Kepha Muiruri,

KCB Group has announced a 40.2 percent dip in profits through the first half of 2020 to Ksh.7.6 billion from Ksh.12.7 billion last year. The signif...

coronavirus , Joshua Oigara , KCB Group

NBK lifts KCB quarterly profit to Ksh.6.3 billion

By Kepha Muiruri,

KCB Group’s recent acquisition of the National Bank of Kenya (NBK) made the difference as it marked an 8.6 percent growth in profit for the first qu...

KCB , NBK

Banks to extend loan repayments by one year as coronavirus effects hit economy

By Kepha Muiruri,

Commercial banks have agreed to extend repayment of personal loans by a period of up to 12 months in a measure to cushion the economy from feeling the...

Central Bank of Kenya , coronavirus , governor patrick njoroge , Joshua Oigara

Kenyan economy braces for impact after first coronavirus case

By Kepha Muiruri,

The local economy is bracing for an unprecedented impact with the first case of the novel coronavirus that was reported on Friday. Economic risks h...

CBK , coronavirus

National Bank of Kenya sheds off Ksh.6.3 billion bad loans after buyout

By Kepha Muiruri,

The National Bank of Kenya (NBK), a KCB Group subsidiary has trimmed its share of gross non-performing loans by Ksh.6.3 billion to Ksh.25.2 billion ac...

KCB Group , National Bank of Kenya (NBK)

KCB grows profit to Ksh.25.2B as National Bank of Kenya returns Ksh.302M loss

By Kepha Muiruri,

The KCB Group has announced a 4.9 per cent growth in profit after tax for the period ending on December 31, 2019 to Ksh.25.2 billion. KCB’s recen...

Joshua Oigara , KCB Group

Barbados PM Mia Mottley lauds M-Pesa as noble innovation

By Duncan Mutwiri,

Barabados Prime Minister Mia Mottley has lauded Safaricom's M-Pesa as a noble innovation. Speaking at the Micheal Joseph Center in Nairobi on Wedne...

Barbados PM , Mottley , Safaricom

CBK assures affordable loans but won’t shepherd banks on rates

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...

CBK , Interest Rates , Kenya Bankers Association (KBA)

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

KCB records Ksh.19.2 billion nine-month profit

By Kepha Muiruri,

KCB Group has announced the posting of a Ksh.19.2 billion net profit in nine months to September 30 on the back of increased customer lending and non-...

Joshua Oigara , KCB

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

Banks promise not to take advantage of interest cap removal

By Kepha Muiruri,

Banks have vowed not to go back to the exorbitant interest rates they were charging before the introduction of the rate caps which was removed on Tues...

CBK , interest rate caps , KBA

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

The KCB Group is expected to keep the National Bank of Kenya (NBK) brand running on the side as a distinct brand over the long-term. The lender who...

Joshua Oigara , KCB , NBK