NBK bad loans exposure shrinks to Ksh.29 billion

By Kepha Muiruri,

KCB Group has continued its clean up of the National Bank of Kenya (NBK) books with the lender’s share of gross non performing loans (NPLs) shrinkin...

Court grants former National Bank of Kenya boss Ksh.26.5M compensation for unlawful sacking

By Benjamin Muriuki,

The Employment and Labour Relations Court has ordered National Bank of Kenya (NBK) to pay its former Managing Director Munir Sheikh Ahmed Ksh.26,520,0...

Munir Sheikh Ahmed , National Bank of Kenya

Cytonn slams CMA over ‘out-of-fashion’ regulations

By Kepha Muiruri,

Cytonn Investment has slammed the Capital Markets Authority (CMA) over out of fashion regulations which it blames for the continued market stagnation....

Capital Markets Authority (CMA) , Cytonn Investment , Edwin Dande

Inside Cytonn’s ‘war’ with the Capital Markets Authority

By Kepha Muiruri,

Cytonn Investment Chief Executive Officer Edwin Dande is putting up a spirited fight with the Capital Markets Authority (CMA) over the deployment of p...

Capital Markets Authority (CMA) , Cytonn Investment , Edwin Dande

KCB Group half-year profit plummets by 40percent due to COVID-19

By Kepha Muiruri,

KCB Group has announced a 40.2 percent dip in profits through the first half of 2020 to Ksh.7.6 billion from Ksh.12.7 billion last year. The signif...

coronavirus , Joshua Oigara , KCB Group

NBK lifts KCB quarterly profit to Ksh.6.3 billion

By Kepha Muiruri,

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

National Bank of Kenya sheds off Ksh.6.3 billion bad loans after buyout

By Kepha Muiruri,

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,

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

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

Nigerian lender to take over Transnational Bank after CBK approval

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has okayed the 100 percent acquisition of the Transnational bank by Nigeria’s top lender Access bank. The reserve...

Access Bank , Central Bank of Kenya (CBK) , Transnational Bank

Boma Hotel owned by Kenya Red Cross placed under receivership

By Citizen Reporter,

The National Bank of Kenya (NBK) has now hotels owned by the Kenya Red Cross (KRC) under receivership due to huge debt. They include Boma Hotel Nai...

BOMA

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

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

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

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

Consolidated Bank bond holders agree to revised payment date

By Kepha Muiruri,

Consolidated Bank bond holders have voted to side with the lender’s pushed repayment of their Ksh.1.6 billion, seven-year held maturing notes plus i...

consolidated bank

KCB names HR guru Paul Russo as designate NBK boss

By Kepha Muiruri,

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

CBK approves KCB’s acquisition of National Bank of Kenya

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...

CBK , CMA , KCB , NBK

Imperial Bank’s asset-value falls by over 50% in one year

By Kepha Muiruri,

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

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions

KCB seeks Parliament’s indulgence on NBK purchase

By Kepha Muiruri,

KCB has now sought for the indulgence of Parliament in relation to the company’s experienced stumbling blocks in its quest for the full acquisition ...

KCB Group , National Bank of Kenya (NBK)

With no competing offers, NBK accepts KCB’s Ksh.3.80 share price

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) has resigned itself to the KCB Group self valuation of the bank with no forthcoming counter offer for th...

KCB Group , National Bank of Kenya , NBK Board chairman Mohamed Hassan