Loan defaults have hit a high Ksh.432 billion in spite of banks restructuring payments on loans amounting to Ksh.1.63 trillion by the close of 2020. ...
Interventions by the Central Bank of Kenya (CBK) to support cashless transactions under the cloud of the COVID-19 pandemic have served to lift digital...
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...
Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...
The price of houses advertised for sale have rebounded ending months of depreciation in what is a marker for a potential restart in Kenya’s real est...
Africa’s largest retail lender Access Bank has unveiled local operations in the country following its acquisition of Transnational Bank at the end o...
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes. Mrs Simiyu is currently serving as the KR...
The Kenya Bankers Association has signed a collaboration agreement with tech-firm Huawei Kenya that seeks to deepen financial inclusion in the financi...
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...
House prices have remained in negative territory going into the second half of the year from subdued investments in real estate and an accompanying lo...
The relief by commercial banks on loan repayments to customers has risen significantly as loan restructures hit Ksh.679.6 billion. The new figure r...
The Central Bank of Kenya (CBK) has been urged to relax loan-loss provisioning rules to commercial banks as loan defaults pick up. Analysts at Cyto...
Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...
Contracting house prices have yielded increased sales for property realtors as the falling prices equal up to potential buyer costs. Data from the ...
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. ...
The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...
Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...
The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...
Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...
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...