Co-op joins queue of banks expecting significant profit hits

By Kepha Muiruri,

The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...

Co-operative Bank of Kenya , profit warnings

Why the CBK isn’t losing any sleep over banks sinking profitability

By Kepha Muiruri,

Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya Bankers Association (KBA)

Co-operative Bank nine month profit falls to Ksh.9.8B

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced an 11.1 per cent profit dip to Ksh.9.8 billion in nine months of operations to September 30, 2020. The...

Cops nab 2 who robbed Indian man Ksh.453k after luring him to Imara Daima from a dating site

By Tonny Ndungu,

Detectives from the Directorate of Criminal Investigations (DCI) have arrested two robbery-with-violence suspects in Imara Daima, Nairobi. The two,...

Rpbbery with violence suspects

Kirinyaga County to spend Ksh.142 million on Kerugoya/Kutus Municipality facelift

By Citizen Reporter,

The Kirinyaga County Government is set to spend Ksh.140 million on a facelift of Kerugoya Kutus Municipality which hosts the county headquarters. T...

Foreign investors end a 7 month sell-off run at the NSE

By Kepha Muiruri,

Foreign investors ended the month of August with a Ksh.195 million net buying position of stocks at the Nairobi Securities Exchange (NSE) ending a sev...

COVID-19 , Foreign Investors , Nairobi Securities Exchange (NSE)

Jamii Bora becomes Kingdom Bank after Co-op buyout

By Kepha Muiruri,

Jamii Bora Bank (JBB) has been renamed Kingdom Bank following its acquisition by the Co-operative Bank of Kenya. The buyout which became effective ...

Co-operative Bank , Jamii Bora Bank , Kingdom Bank

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)

Co-operative Bank half year earnings fall to Ksh.7.2 billion

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced a four percent decline in profit after tax through the first six months of the year to Ksh.7.2 billion. ...

Co-operative Bank , COVID-19 , IFRS 9

CBK green lights Jamii Bora buyout by Co-op Bank

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has given the nod for the acquisition of Jamii Bora Bank (JBB) by the Cooperative Bank of Kenya. The acquisition is...

CBK , Cooperative Bank of Kenya , Jamii Bora Bank

Gov’t officer earning Ksh.100K found with Ksh.36 million in four bank accounts

By Benjamin Muriuki,

The Ethics and Anti-Corruption Commission (EACC) is probing allegations of misappropriation and embezzlement of public funds against a deputy director...

EACC

Safaricom, EABL leads NSE rebound

By Kepha Muiruri,

The stocks of Safaricom and the East African Breweries Limited (EABL) have led the rebound witnessed at the Nairobi Securities Exchange (NSE) from the...

COVID-19 , Nairobi Securities Exchange (NSE)

Why internet banking is becoming more popular

By Sponsored,

A new study has revealed that the current COVID-19 pandemic is pushing consumers to digitally interact with their banks, with banking institutions foc...

Co-op bank , Co-op Internet Banking , internet banking

Co-operative bank given green-light to acquire Jamii Bora

By Kepha Muiruri,

The shareholders of Jamii Bora bank has approved the acquisition of the lender’s majority stake by the Co-operative Bank of Kenya in meeting held We...

Co-operative Bank of Kenya , Jamii Bora Bank , mergers and acquisitions

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans

Co-op Bank quarterly profit flat at Ksh.3.6 billion

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced a a flat growth in profit after tax for the first three months of 2020 at Ksh.3.6 billion. Profit in t...

Co-operative Bank of Kenya , Gideon Muriuki

Man, 55, collapses and dies in Mwingi town

By Shadrack Ilava,

A 55-year-old man collapsed and died on the Mwingi-Garissa road on Sunday. Justus Kavindu is said to have been walking towards Garissa stage with h...

mwingi

Co-op Bank donates Ksh.100 million to COVID-19 emergency fund

By Kepha Muiruri,

The Co-operative Bank of Kenya has injected Ksh.100 million to the Covid-19 emergency fund as part of the lender's efforts to support the containment ...

Co-operative Bank , coronavirus , Covid-19 emergency fund , Gideon Muriuki

Co-operative Bank full year profit rises to Ksh.14.3 billion

By Kepha Muiruri,

The Co-operative Bank has posted a 12.6 per cent growth in profit after tax to Ksh.14.3 billion for the year ending on December 31, 2019 on the back o...

Co-operative Bank , profit

Co-op Bank joins acquisitions train in Jamii Bora interest

By Kepha Muiruri,

The Co-operative Bank of Kenya has expressed interest in acquiring Jamii Bora’s 100 per cent issued share capital in a transaction which is now subj...

CBK , Co-operative Bank of Kenya , jamii bora