Loan defaults hit a Ksh.432B high even as banks restructure Ksh.1.63T in payments

By Kepha Muiruri,

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. ...

Central Bank of Kenya (CBK) , loan defaulting , non performing loans (NPLs)

CBK interventions lift digital banking

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , Digital Banking , Kenya Bankers Association (KBA)

Low profit margin firms ‘punished’ in minimum tax roll out

By Kepha Muiruri,

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...

minimum tax , National Treasury

Bank jobs on the line as COVID-19 wreaks havoc on industry

By Kepha Muiruri,

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...

banks , Central Bank of Kenya (CBK) , non-performing loans

Kenya’s real estate sector rebounds as housing prices end months of decline

By Kepha Muiruri,

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...

COVID-19 , Hass Consult , Real Estate

Rispah Simiyu appointed new KRA Commissioner for domestic taxes

By Citizen Reporter,

The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes. Mrs Simiyu is currently serving as the KR...

KRA , Rispah Simiyu

Kenya Bankers Association, Huawei ink partnership to promote tech-driven financial inclusion

By Citizen Reporter,

The Kenya Bankers Association has signed a collaboration agreement with tech-firm Huawei Kenya that seeks to deepen financial inclusion in the financi...

Huawei

e-conference for leading women in banking, finance to promote gender diversity in leadership

By Rachel Ombaka,

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...

andia chakava , Graca Machel Trust , Kenya Bankers Association , New Faces New Voices

House prices sink further as demand dries up

By Kepha Muiruri,

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...

house prices

Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , loan relief

CBK urged to relax rules to banks on loan defaults

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , Cytonn Investment , Dr. Patrick Njoroge

Banks extend cushioning to customers as loan restructures hit Ksh.360 billion

By Kepha Muiruri,

Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...

Central Bank of Kenya (CBK) , Covid-19 pandemic , non-performing loans

Falling home prices increase property sales

By Kepha Muiruri,

Contracting house prices have yielded increased sales for property realtors as the falling prices equal up to potential buyer costs. Data from the ...

Kenya Bankers Association Housing Price Index , real estate in Kenya

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

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

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...

coronavirus , debt , Ukur Yatani

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

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 ...

coronavirus , COVID-19 , KBA

CBK sanctions Absa Bank for irregular forex trading

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...

Forget economic growth, focus is on survival – Kenya Bankers Association

By Kepha Muiruri,

Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...

coronavirus crisis , economic growth in Kenya

Banks to extend loan repayments by one year as coronavirus effects hit economy

By Kepha Muiruri,

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...

Central Bank of Kenya , coronavirus , governor patrick njoroge , Joshua Oigara

Banks fall short of transparency test by Kenyans, study reveals

By Kepha Muiruri,

Local banks have fallen short of the transparency test by customers on the pricing and documentation of products and services, a new survey shows. ...

bankers , CBK , Habil Olaka