Imperial bank directors in fresh attempt to block CMA probe

By Kepha Muiruri,

Former Imperial bank directors have made a fresh attempt to block the Capital Markets Authority (CMA) from initiating proceedings probing their role i...

charterhouse , chase bank , CMA , imperial bank , KDIC

CBK sends Charterhouse Bank into liquidation

By Kepha Muiruri,

The Central Bank of Kenya has approved the wind up of Charterhouse Bank Limited. The green light to liquidate the bank is on the recommendation of ...

Central Bank of Kenya (CBK) , Charterhouse Bank

Senate probes Naushad Merali’s role in Spire Bank downward spiral

By Kepha Muiruri,

The Senate Finance and Budget Committee have called for a probe on Naushad Merali’s role in the downward spiral of lender Spire Bank. According t...

Mwalimu National Sacco , Naushad Merali , Spire Bank

Family Bank retires Ksh.2B corporate bond

By Kepha Muiruri,

Lender Family Bank has retired its Ksh.2 billion five and a half year tenured corporate bond after its maturity on Monday. The bank has paid back b...

Family bank

CBK gives nod to wind up Chase Bank

By Kepha Muiruri,

Chase Bank, technically referred to as Chase Bank Limited in Receivership (CBLIR), will cease to exist after the approval of its liquidation by the Ce...

Central Bank of Kenya (CBK) , chase bank , Kenya Deposit Insurance Corporation (KDIC)

CMA goes after Imperial Bank directors in probe on botched bond offer

By Kepha Muiruri,

The Capital Markets Authority (CMA) has initiated enforcement proceedings against former board members of Imperial Bank over their failure to oversigh...

Capital Markets Authority (CMA) , imperial bank limited

Doctors probe whether COVID-19 is causing diabetes

By Reuters,

Mario Buelna, a healthy 28-year-old father, caught a fever and started having trouble breathing in June. He soon tested positive for COVID-19. Week...

coronavirus , Diabetes

COVID-19 sets the stage for accelerated bank mergers and acquisitions

By Kepha Muiruri,

The COVID-19 pandemic is expected to trigger a new run of mergers and acquisitions (M&As’) as Kenya’s banking industry shifts under the weight...

banking in Kenya , Central Bank of Kenya (CBK) , COVID-19 , mergers and acquisitions

KCB commences Ksh.3.2 billion payments to Imperial Bank depositors

By Kepha Muiruri,

KCB Group has began processing payments to Imperial Bank Limited in Receivership (IBLR) depositors following its acquisition of part of the defunct le...

CBK , imperial bank , KCB Group , Kenya Deposit Insurance Corporation (KDIC)

Capital Markets Authority seeks reversal of lost incentives to boost market activity

By Kepha Muiruri,

The Capital Markets Authority (CMA) says it is seeking the reversal of lost incentives to boost market activity in its push for a post COVID-19 recove...

2020 Finance Act , Capital Markets Authority (CMA) , COVID-19

KDIC postpones move to charge premiums to banks on risks undertaken

By Kepha Muiruri,

The Kenya Deposit Insurance Corporation (KDIC) has deferred the implementation of the risk based premium model used in assessing the premium payable b...

Kenya Deposit Insurance Corporation (KDIC)

NSE listed corporate bonds fall to 5 as Centum exits

By Kepha Muiruri,

The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring it...

Capital Markets Authority (CMA) , Centum Investment , corporate bonds

Here’s how long coronavirus may linger on contaminated surfaces

By CNN,

Concerns are mounting about how long the novel coronavirus may survive on surfaces -- so much so that China's central bank has taken measures to deep ...

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

Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga

By Kepha Muiruri,

Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...

chase bank , Dubai Bank , imperial bank

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 trims payout to Imperial Bank depositors after revised offer

By Kepha Muiruri,

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...

IBLIR , imperial bank , KCB

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

Parking lot millions, unsecured loans, tax evasion: Haji lifts lid on Mwilu ‘private interests’

By Wangui Ngechu,

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...

haji , imperial bannk , mwilu