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NBK lifts KCB quarterly profit to Ksh.6.3 billion
By Kepha Muiruri, 1006, May 21, 2020 (EAT)
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, 1157, March 18, 2020 (EAT)
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, 1009, March 14, 2020 (EAT)
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, 2102, March 12, 2020 (EAT)
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, 905, March 12, 2020 (EAT)
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, 1006, December 12, 2019 (EAT)
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, 2030, November 26, 2019 (EAT)
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, 958, November 16, 2019 (EAT)
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, 1045, November 14, 2019 (EAT)
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, 2119, November 13, 2019 (EAT)
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, 1805, November 7, 2019 (EAT)
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, 2050, November 6, 2019 (EAT)
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, 1235, October 7, 2019 (EAT)
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
Outgoing NBK boss Wilfred Musau survives the axe as CBK approves Russo
By Duncan Mutwiri, 1617, September 20, 2019 (EAT)
Wilfred Musau, the outgoing MD National Bank of Kenya, is set to take on a new role at the Kenya Commercial Bank. In a statement released on Friday...

KCB , NBK , russo
Banks holding more money than ever before as Kenyans suffer empty wallets
By Kepha Muiruri, 1105, September 10, 2019 (EAT)
Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...

CBK , Kenya Bankers Association (KBA)
Fate of National Bank of Kenya sealed as KCB gets takeover nod
By Kepha Muiruri, 1328, September 6, 2019 (EAT)
Kenya Commercial Bank has obtained approval from the Capital Markets Authority to take up National Bank of Kenya. This ends the lacklustre operatio...

KCB , National Bank of Kenya
KCB names HR guru Paul Russo as designate NBK boss
By Kepha Muiruri, 1206, September 3, 2019 (EAT)
KCB has named its Director of Regional Businesses Paul Russo as the designate Managing Director of the National Bank of Kenya (NBK). Russo is set t...

KCB Group , National Bank of Kenya (NBK) , Paul Russo
KCB trims payout to Imperial Bank depositors after revised offer
By Kepha Muiruri, 1215, August 31, 2019 (EAT)
KCB Group has trimmed its final payout to deposits held under the Imperial Bank Limited in Receivership (IBLIR) by Ksh.6.5 billion in a revision of it...

IBLIR , imperial bank , KCB
Banks ask parliament to revise interest rate capping law
By Kepha Muiruri, 1959, August 21, 2019 (EAT)
Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...

CBK , interest rate caps , Kenya Bankers Association , National Treasury
Imperial Bank’s asset-value falls by over 50% in one year
By Kepha Muiruri, 2009, August 15, 2019 (EAT)
The value of net assets held at Imperial Bank Limited in Receivership (IBLIR) has sunk by half in the past year to a sum lesser than Ksh.5.2 billion (...

CBK , IBLIR , imperial bank , KCB Bank , KDIC