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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...
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Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga
By Kepha Muiruri,
1223, October 1, 2019 (EAT)
Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...
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Consolidated Bank bond holders agree to revised payment date
By Kepha Muiruri,
1543, September 5, 2019 (EAT)
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...
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KCB trims payout to Imperial Bank depositors after revised offer
By Kepha Muiruri,
1215, August 31, 2019 (EAT)
KCB Group has trimmed its final payout to deposits held under the Imperial Bank Limited in Receivership (IBLIR) by Ksh.6.5 billion in a revision of it...
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Imperial Bank’s asset-value falls by over 50% in one year
By Kepha Muiruri,
2009, August 15, 2019 (EAT)
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 (...
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KCB Group half year profit rises 5pc to Ksh.12.7 billion
By Kepha Muiruri,
1056, August 15, 2019 (EAT)
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...
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Parking lot millions, unsecured loans, tax evasion: Haji lifts lid on Mwilu ‘private interests’
By Wangui Ngechu,
1431, June 27, 2019 (EAT)
The Director of Public Prosecutions (DPP) Noordin Haji has filed a petition for the removal of Deputy Chief Justice Philomena Mbete Mwilu. In the 1...
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Demonetization effects filter into value of Kenyan shilling
By Kepha Muiruri,
2110, June 18, 2019 (EAT)
The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...
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Mutua defends Mzee Kenyatta’s image on new currency
By Benjamin Muriuki,
1615, June 6, 2019 (EAT)
Machakos Governor Dr. Alfred Mutua has dismissed the ongoing push against the inclusion of former President Mzee Jomo Kenyatta's image on the new curr...
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Uhuru reappoints Patrick Njoroge as CBK Governor
By Wangui Ngechu,
1312, June 6, 2019 (EAT)
President Uhuru Kenyatta has re-appointed Dr. Patrick Njoroge as Central Bank of Kenya Governor for another four year term. In a special gazette no...
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Huge reprieve for DCJ Mwilu as court rules in her favour
By Dzuya Walter,
1631, May 31, 2019 (EAT)
The court has ruled that Deputy Chief Justice Philomena Mwilu will not be tried over corruption allegations. Mwilu got the reprieve after a five-ju...
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‘If it comes, it comes’ – CBK Governor dismisses queries on his succession
By Kepha Muiruri,
1837, May 28, 2019 (EAT)
Central Bank Governor Patrick Njoroge has shrugged off queries around his tenure which is set to end on June 19 this year. Addressing a press confe...
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KCB quarterly profit rises to Ksh 5.8B on non-interest income
By Kepha Muiruri,
2012, May 22, 2019 (EAT)
KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...
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KCB, NBK set to announce deal
By Joseph Bonyo,
1311, April 18, 2019 (EAT)
Kenya Commercial Bank Group and National Bank of Kenya are this afternoon set to announce a potential merger deal. Sources have intimated to Citizen ...
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KCB takes over five Imperial Bank branches in final offer
By Kepha Muiruri,
1621, April 5, 2019 (EAT)
KCB will now take over five Imperial Bank Limited in Receivership (IBLIR) branches in its final bidding offer for the collapsed lender. The final o...
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Power outage forcing some Venezuelans to use polluted water
By VOA,
1505, March 12, 2019 (EAT)
Desperate Venezuelans are fetching water from a polluted river and drainage pipes, and lives hang in the balance in hospitals as a nationwide power ou...
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Venezuela staggers under massive power, communications outage
By VOA,
1221, March 9, 2019 (EAT)
Venezuela’s worst power and communications outage Friday deepened a sense of isolation and decay, endangering hospital patients, forcing schools and...
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Central Bank accepts KCB’s offer for Imperial Bank
By Citizen Reporter,
2118, December 11, 2018 (EAT)
Imperial Bank depositors can now access 12.5% of their deposits after the Central Bank of Kenya and the Kenya Deposit Insurance Company (KDIC) accepte...
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Hearing of DCJ Mwilu case begins today with top British prosecutor
By Sam Gituku,
1018, December 6, 2018 (EAT)
A five-judge bench will on Thursday begin hearing the case by the Director of Public Prosecutions that seeks to determine whether Deputy Chief Justice...
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Mwilu case: Why DPP wants CJ Maraga to appoint three-judge bench
By Dzuya Walter,
1237, October 9, 2018 (EAT)
Director of Public Prosecutions Noordin Haji wants a case against Deputy Chief Justice Philomena Mwilu referred to the Chief Justice for the formation...
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