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Bank mergers out do acquisitions in profitability
By Kepha Muiruri, 1854, October 8, 2019 (EAT)
The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions
Woman in court for alleged robbery of Ksh.1M cash
By Sophie Njagi, 2155, June 25, 2019 (EAT)
A woman was on Tuesday arraigned in a Nairobi court for allegedly robbing another woman of items and cash worth a combined Ksh.1,140,000. Emma Njer...

Magistrate M. Nanzushi , Nairobi Court
5 banks roll out cheap SME loans at 9% rate
By Kepha Muiruri, 2055, May 20, 2019 (EAT)
Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...

Central Bank Governor (CBK) Patrick Njoroge , Central Bank of Kenya , interest rate capping , SME lending , Stawi
DTB’s full year profit grows to Ksh. 6.7 billion
By Kepha Muiruri, 2006, March 20, 2019 (EAT)
Diamond Trust Bank (DTB) has announced a 4 percent growth in profits after taxation for the period ending December 31, 2018 from the Ksh.6.4 billion r...

DTB Bank , Nasim Devji
Diamond Trust Bank aiding terrorism – DPP Haji
By Benjamin Muriuki, 1645, February 25, 2019 (EAT)
The Director of Public Prosecutions (DPP) Noordin Haji says investigations are underway on Diamond Trust Bank (DTB) over suspicious transactions that ...

14 Riverside , diamond trust bank , DPP
Kenyans fault Huduma Namba plan over Mastercard links
By Allan Irungu, 1459, February 20, 2019 (EAT)
A section of Kenyan lawyers are questioning the Government's motive behind the newly launched Huduma Namba exercise. According to them, data on Ken...

Huduma Namba , National Integrated Identity Management System , NIIMS
DTB boss linked to 14 Riverside terrorist attack pleads not guilty
By Agnes Oloo, 1514, February 20, 2019 (EAT)
Diamond Trust Bank (DTB) Eastleigh branch manager Sophia Njoki Mbogo has been charged at Nairobi Milimani Law Courts with three counts relating to aid...

14 riverside attack , DTB , Dusit , Sophia Njoki Mbogo
Eye on five banks in NYS 2 scam as special prosecutors take up case
By Winnie Musyoki, 1300, February 7, 2019 (EAT)
The case involving five banks in the National Youth Service (NYS) 2 scandal will be now be reviewed by a team of special prosecutors. Standard Char...

Cooperative Bank , DTB , Equity , KCB , NYS 2 , Standard Chartered bank
Arrest warrant out for 2 Chinese nationals over alleged theft of Ksh.70M
By Agnes Oloo, 1723, January 28, 2019 (EAT)
Kenyan police officers are on the hunt for two Chinese nationals said to be on the run after allegedly stealing Ksh.70 million of their employer. P...

Chinese Nationals , DTB Bank , fraud , Immigration department , Magistrate Peter Ooko
Tuskys deploys cash deposit machines to curb fraud
By Kepha Muiruri, 1740, June 22, 2018 (EAT)
Regional retailer Tuskys has moved to curb fraud across its branches by deploying cash deposit machines across its branches. The strategy, in partn...

banking , cash deposit machines , cash in transit , Dan Githua , DTB , fraud , internal fraud , retail , Tuskys
Aga Khan in Nairobi for Diamond Jubilee
By Abednego Tendu, 1649, April 13, 2018 (EAT)
His Highness the Aga Khan has arrived in Kenya at the invitation of the State. The spiritual leader of the Shia Ismaili Muslims was received by For...

Aga Khan , Aga Khan hospitals , AKDN , diamond trust bank , Jubilee Insurance , Nation Media Group
Trade PS reaches out to banks to restructure Nakumatt debt
By Mumbi Warui, 1900, July 25, 2017 (EAT)
The government has once again met a group of lenders owed Sh8.5 billion by beleaguered retail chain Nakumatt in a bid to persuade them to go easy on i...

Andrew Dixon , bailout , Bank of Africa , banks , Chriss Kiptoo , debt , DTB , KCB , Ministry of Trade and Industrialization , nakumatt , retail , Stanchart , suppliers , uchumi
Bank consolidation gathers steam as DTB sets out to acquire Habib
By Citizen, 1930, March 21, 2017 (EAT)
The banking sector continues to undergo realignment with mergers becoming a common theme. Diamond Trust Bank (DTB) has become the latest lender to ...

Acquisition , bank consolidation , banking , banking regulator , business plans , CBK , Central Bank of Kenya , diversity , DTB Bank , Fidelity Bank , Giro Bank , Habib Bank , I&M Holdings , investment , Merger , over banked , pakistan , realignment , SBM Holdings , Spire Bank , tier one bank , treausry
High Court paves way for Imperial Bank depositors’ payout
By Sophie Kinoti, 1104, January 10, 2017 (EAT)
Imperial Bank owners have been dealt a major blow after the High Court paved way for the payment of depositors. The clarification was made after th...

Banking Sector , Central Bank of Kenya , DTB Bank , high court , imperial bank , Imperial Bank Depositors’ Lobby , Justice George Odunga , KCB , KDIC , Kenya Deposit Insuranace Corporation , NIC bank
Imperial Bank customers to get 10pc of their deposits
By Citizen, 1729, December 28, 2016 (EAT)
The Kenya Deposit Insurance Corporation (KDIC) has begun processing payments for Imperial Bank depositors who still have money held up in the bank. ...

bank was placed under receivership , CBK , Central Bank of Kenya , customers , DTB , exteded receivership period , fraud , imperial bank , KCB , KDIC , Kenya Deposit Insurance Corporation , large depositors
CBK tasks Imperial Bank shareholders to present bankable plan to avoid assets sale
By Citizen, 1829, November 8, 2016 (EAT)
The Central Bank of Kenya has challenged Imperial Bank shareholders to present a credible recovery plan to aid in the reopening of the bank before Apr...

asset stripping , assets and liabilities consultant , banking regulator , CBK , Central Bank of Kenya , imperial bank , Imperial Bank shareholders , KCB , KDIC , liquidation , NIC bank , recovery plan
KDIC mulls increased cover for customer deposits
By Noah Kuto, 1756, October 6, 2016 (EAT)
The Kenya Deposit Insurance Corporation (KDIC) is in talks with commercial to increase the insurance premium on deposits. This comes as the deposit...

banks , CBK , collapse , Deposit insurance , DTB , KCB , KDIC , liquidation , Mohamud Ahmed , NIC bank , receivership , Target Fund
CBK rules on bank CEO tenure meet global standards, analysts say
By Patrick Igunza, 1807, July 22, 2016 (EAT)
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
NIC takes over five Imperial Bank branches to facilitate payments
By Abalon Babisho, 1319, July 22, 2016 (EAT)
NIC Bank is set to take over and re-open five Imperial Bank branches across the country as it prepares to process payments to depositors. The move ...

assets , Central Bank of Kenya , imperial bank , KDIC , NIC bank
Imperial Bank customers to access cash next week
By Patrick Igunza, 1225, July 20, 2016 (EAT)
Imperial Bank depositors can breathe a sigh of relief after the High Court lifted an order barring disbursement of funds. The depositors will now b...

Ashok Doshi , CBK , Deposits , FTI Consulting , high court order , imperial bank , KDIC , NIC bank , shareholders

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