Five Kenyan banks fined Ksh.390M for handling NYS loot

By Benjamin Muriuki,

The Central Bank of Kenya has slapped hefty fines on five top banks that are alleged to have been involved in the transactions of the second phase of ...

Central Bank of Kenya , NYS scandal

Co-op to invest in KMRC as half year profit hits Ksh7.1bn

By Citizen,

The Co-operative Bank of Kenya has become the first financial institution to declare its interest in injecting capital in the government’s planned m...

banking , Co-op , Cooperative Bank , Gideon Muriuki , government securities , Kenya Mortgage Refinance Company , KMRC , non-performing loans , Treasury

Co-op Bank posts Sh3.4bn first quarter profit

By Citizen,

The Co-operative Bank group has announced a rise in net profit to Sh3.4 billion for the three months ended March from Sh3.2 billion a year earlier. ...

Co-operative Bank , Deposits , equity bank , first quarter , Gideon Muriuki , government securities , IFRS 9 , loans and advances , Stanbic Bank

Co-op Bank posts Sh11.4bn profit

By Citizen,

Co-operative Bank has posted a 10 percent drop in its full year profit to Sh11.4 billion down from Sh12.7 billion a year earlier. The drop was occa...

bank , Co-operative Bank , financials , interest rate cap , loan book , non-performing loans , profit

Epoloto savours crowning moment as GSU, Pipeline seal titles

By John Mbati,

General Service Unit (GSU) head coach Moses Epoloto paid tribute to his men as they wore down Co-operative Bank of Kenya 3-0 (25-17, 25-18, 25-23) in...

GSU , Kenya Pipeline , Kenya Volleyball Federation (KVF) , Moses Epoloto , Volleyball

Five in court for defrauding Nairobi County over Ksh.2 million

By Dzuya Walter,

Five men, among them four Nairobi County accountants, were on Friday arraigned before the Milimani law court and charged with conspiracy to defraud Na...

13 NAIROBI MCA’s , 4 Westgate Mall Suspects Arraigned In Court , Five arraigned , Nairobi County Government

Eleven banks to own 38.1pc stake in Kenya Airways

By Citizen,

Eleven local banks are set to be the second largest shareholders of national carrier Kenya Airways after forming a special purpose vehicle to acquire ...

Aviation , banks , debt , debt restructuring , Kenya Airways , KQ Lenders Company , loans , Mbuvi Ngunze , Minerva Fiduciary Services , Sebastian Mikosz , special purpose vehicle

Co-Operative Bank third quarter profit drops to Sh9.5bn

By Citizen,

The Co-Operative Bank has announced a net profit of Sh9.5 billion for the third quarter period ended September 30. This was 9.5 percent lower than ...

banking , Central Bank of Kenya , Co-operative Bank , financial technology , Fintech , Gideon Muriuki , interest rate cap , third quarter results

Co-operative Bank ventures into leasing business as 6month profit dips to Sh6.6bn

By Citizen,

The Co-operative Bank has announced plans to venture into the leasing business as part of efforts to diversify its revenue. The bank will partner w...

asset financing , banking , Co-operative Bank , Gideon Muriuki , Interest Income , interim dividend , leasing , Super Group

Disaster recovery loans help Kenyans beat weather shocks

By Reuters,

After heavy rains flooded John Macharia's tailoring shop in 2015, damaging his stock, the 75-year-old considered quitting his business of 14 years. ...

banks , capital , Department for International Development , El Niño Recovery Lending Programme , farming , interest rate cap , lending , loans , VisionFund Kenya , world vision

Robbers steal Ksh26 million from Co-op Bank

By Beth Kamau,

  Police on Monday, March 20, summoned four employees of Co-operative Bank, Isiolo branch, for questioning over the theft of Ksh26 million fro...

cooperative , isolo

Banks cut out ‘middleman’ with PesaLink launch

By Mumbi Warui,

12 banks have been cleared by the central bank of Kenya to run and operate industry based mobile money transfer platform. PesaLink, a brainchild of...

banks , cashlite , Fintech , Habil Olaka , Integrated Payment Services Limited , IPSL , KBA , Kenya Bankers Association , M-pesa , merchants , micropayments , mobile money transfer , payment solutions , PesaLink , Safaricom , subsidiary , Transactions

Lobby group in bid to empower Siaya women

By George Amolo,

The Maendeleo Ya Wanawake lobby group has embarked on a programme of establishing Savings and Credit Co-operative Societies (Saccos) for women in Siay...

Shares in Kenyan banks fall for third session after rate cap

By Reuters,

Shares in KCB Group, Kenya's biggest bank by assets, and Equity Bank, the biggest in terms of number of customers, fell sharply on Monday for a third ...

kenya

Benki ya Co-Operative yaanza kutekeleza sheria ya riba

By Sam Gituku,

Benki ya Cooperative imekuwa ya kwanza kutimiza sheria kuhusu viwango vya riba kwa mikopo ya benki ambapo sasa wateja wanaotafuta mikopo mipya watatoz...

Growth of mobile banking boosts Co-op Bank Kenya’s earnings

By Reuters,

Increased mobile and internet banking helped Co-operative Bank of Kenya increase its pretax profit in the fist half of 2016 by 19 percent to Sh10.45 b...

Co-op bank , mobile money , mpesa

Big banks yet to lower interest rates

By Beatrice Eghwa,

Large commercial banks are yet to lower their interest rates even after six mid-tier lenders yield to public pressure to lower the current lending rat...

banks , CBK , HFC , Interest Rates , Jude Njmo , kbrr , Stanbic Bank

CBK rules on bank CEO tenure meet global standards, analysts say

By Patrick Igunza,

Analysts have welcomed the proposals by Central Bank of Kenya governor Dr Patrick Njoroge to cap the tenure of commercial bank bosses saying it’s in...

bank CEO , CBK , tenure

Pastor charged with defrauding employer Ksh 1.5M

By Citizen Reporter,

A Meru-based pastor has been charged with fraud after he allegedly forged three Co-operative Bank Cheques to obtain Ksh 1.5 million from his former em...

Bishop Charged with Fraud , Elizabeth Asasha , meru county , Nkubu Law Courts

Profits surge at Co-operative Bank of Kenya

By Agencies,

The Co-operative Bank of Kenya expects a 20 percent rise in pretax profits this year, after the bank posted a strong growth in 2015, in part due to st...

Co-operative , kenya , Profits surge at Co-operative Bank of Kenya