× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Gulf Bank marks 10th anniversary

BUSINESS
By Standard Reporter | April 13th 2018
Gulf African Bank. [Photo by Wilberforce Okwiri/Standard]

Gulf African Bank is set to mark its 10th anniversary this year, which also marks a decade since Shari’ah compliant banking debuted in the Kenyan market.

The bank recorded a 15 per cent growth in total assets to reach Sh31 billion as at December 31, 2017 from Sh27 billion as at the same period in 2016, a growth of Sh4.1 billion.

The growth in the balance sheet size, the lender said in a statement, was driven by the growth in customer deposits and additional long-term funding received for financing Small and Medium Enterprises (SMEs).

Share this story
More scrutiny on lenders as new accounting rules kick in
Central Bank of Kenya will monitor the performance of all bank loans on a monthly basis over the next five years.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.
.
RECOMMENDED NEWS
Feedback