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Why internet banking is becoming more popular
By Sponsored, 1453, July 2, 2020 (EAT)
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, 1054, July 2, 2020 (EAT)
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
David Ansell retires as Equity Group Board Chair, Prof. Isaac Macharia takes over
By Citizen Reporter, 1752, July 1, 2020 (EAT)
The Equity Group Board has appointed Prof. Isaac Macharia Equity Group Holdings Board Chairman to take over from David Ansell. Ansell did not offer...

David Ansell , Equity , munga
CBK: Only one in 10 bank transactions is being done at a branch
By Kepha Muiruri, 959, June 29, 2020 (EAT)
Only one out of 10 bank transactions are being conducted at a physical branch pointing to the increased digitization of the banking process. Accord...

Central Bank of Kenya , COVID-19 , Kenya Bankers Association (KBA)
‘It would be foolish to say the worst is behind us,’ CBK Governor Njoroge says on economy
By Kepha Muiruri, 1748, June 26, 2020 (EAT)
The Central Bank of Kenya (CBK) has remained pragmatic on economic prospects to Kenyans this year even as the green light flashes on a potential recov...

Central Bank of Kenya (CBK) , coronavirus , COVID-19 , Kenya's economy
Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion
By Kepha Muiruri, 1830, June 25, 2020 (EAT)
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 extends free mobile money transactions below Ksh.1000 for the rest of 2020
By Kepha Muiruri, 1609, June 24, 2020 (EAT)
Kenyans will continue enjoying free mobile money transactions below Ksh.1000 for the rest of the year. This follows the Central Bank of Kenya (CBK)...

Central Bank of Kenya (CBK) , coronavirus , mobile money
Equity Group cancels Ksh.10B Atlas Mara acquisition deal
By Kepha Muiruri, 1322, June 23, 2020 (EAT)
Equity Group has cancelled the proposed transaction for the acquisition of Atlas Mara banking businesses in Rwanda, Tanzania, Zambia and Mozambique. ...

Atlas Mara , coronavirus , COVID-19 , Equity Group
Treasury ends annual local borrowing program on a high, raises Ksh.49 billion
By Kepha Muiruri, 1055, June 18, 2020 (EAT)
The National Treasury has closed its local borrowing program for the year ending June 30 on a high, raising Ksh.49.3 billion against a target of Ksh.4...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury
CBK urged to relax rules to banks on loan defaults
By Kepha Muiruri, 1134, June 16, 2020 (EAT)
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, 1115, June 12, 2020 (EAT)
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
Digital lenders name and shame rogue peers as CBK noose draws closer
By Kepha Muiruri, 1258, June 9, 2020 (EAT)
The Digital Lenders Association of Kenya (DLAK) has named and shamed rogue practices by two non-members Opesa and Okash. The two non-member digital...

Central Bank of Kenya (CBK) , Digital Lenders Association of Kenya (DLAK)
Three Kenya Power employees test positive for COVID-19 in Mombasa
By Citizen Reporter, 1815, June 2, 2020 (EAT)
Three Kenya Power employees have tested positive for COVID-19 disease in Mombasa. A statement from the firm dated June 2, 2020 said the trio are cu...

coronavirus , KENYA POWER , Mombasa
75% of Kenyan SMEs stare at total collapse by end of June
By Kepha Muiruri, 1618, May 28, 2020 (EAT)
Three quarters of all small and medium enterprises (SMEs) are staring at a total collapse by the end of June as cash-flows shrink. Central Bank of ...

Central Bank of Kenya (CBK) , SMEs in Kenya
Absa quarterly profit rises to Ksh.2 billion
By Kepha Muiruri, 1218, May 28, 2020 (EAT)
Absa Group has posted a 5.3 percent growth in net profit for the first three months of the year to Ksh.2 billion from Ksh.1.9 billion in March 2019. ...

ABSA Kenya
CBK leaves benchmark lending rate at 7 percent
By Kepha Muiruri, 1817, May 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
IMF backs dividend withdrawals by banks
By Kepha Muiruri, 1636, May 27, 2020 (EAT)
The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...

dividends , International Monetary Fund (IMF)
Peru seemed to do everything right, so how did it become a Covid-19 hotspot?
By CNN, 929, May 26, 2020 (EAT)
Peru was one of the first nations in the Americas to take strict preventative coronavirus measures, like stay-at-home orders, curfews and border closi...

coronavirus , COVID-19 , Latin America , Peru , President Jair Bolsonaro , President Martin Vizcarra
Commercial banks stock of bad loans rise to a 13.1 percent high
By Kepha Muiruri, 1519, May 25, 2020 (EAT)
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, 1439, May 22, 2020 (EAT)
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

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Why internet banking is becoming more popular

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

David Ansell retires as Equity Group Board Chair, Prof. Isaac Macharia takes over

CBK: Only one in 10 bank transactions is being done at a branch

‘It would be foolish to say the worst is behind us,’ CBK Governor Njoroge says on economy

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

CBK extends free mobile money transactions below Ksh.1000 for the rest of 2020

Equity Group cancels Ksh.10B Atlas Mara acquisition deal

Treasury ends annual local borrowing program on a high, raises Ksh.49 billion

CBK urged to relax rules to banks on loan defaults

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

Digital lenders name and shame rogue peers as CBK noose draws closer

Three Kenya Power employees test positive for COVID-19 in Mombasa

75% of Kenyan SMEs stare at total collapse by end of June

Absa quarterly profit rises to Ksh.2 billion

CBK leaves benchmark lending rate at 7 percent

IMF backs dividend withdrawals by banks

Peru seemed to do everything right, so how did it become a Covid-19 hotspot?

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

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

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