Banks

• CBK to lower monetary easing

  
  1 week ago
  Central Bank of Kenya moved to lower monetary easing due to rise in inflation occasioned by a recent implementation of eight percent value added tax.

• Sh1 million fine for banks over poorly updated customer accounts

  
  1 week ago
  Commercial banks are set to pay a fine of Sh1 million for poorly updated customer accounts.

• Equity, KCB and Cooperative bank ranked top by The Banker magazine

  
  2 weeks ago
  Kenya’s top banks received a good ranking by the global The Banker magazine

• Big brother turns banks into powerful Government spy agents

  
  3 weeks ago
  Opening bank accounts now require one to submit their Personal Identification Number, which makes it easier to report on suspicious activities

• Commercial Banks in Kenya raises excise duty

  
  3 weeks ago
  The range as set by mobile money transfer companies will go up by Sh1 per each category listed.

• CBK boss says interest rates capping bad for economy

  
  3 weeks ago
  Governor Patrick Njoroge, CBK boss says that the economy which is expected to grow at a rate of 6.2 percent this year may be a dream.

• Commercial Banks to lend loans at 13 percent rate

  
  3 weeks ago
  The assessment showed that the banking sector had employed numerous efforts in transferring of assets and liabilities from Chase Bank which went in re

• WRB report shows customers want banking apps

  
  1 month ago
  “Today’s customers seek on-demand service and expect banks to booth, anticipate and address their needs with precision and expertise”

• Market turmoil unsettles central banks in Africa

  
  1 month ago
  Some, including Kenya, are likely to keep their key rates unchanged.

• How local banks minted billions from mass firing of staff and going digital

  
  1 month ago
  Employees in the lenders’ subsidiaries declined from 6,223 in 2016 to 6,106 as financial institutions reviewed business models

• MPs uphold rate cap law, scrap interest on savings

  
  1 month ago
  Should the amendment sail through, banks will be required to charge interest on loans at no more than four percentage points above the CBR.

• Mid-tier banks post mixed results

  
  1 month ago
  Ecobank’s half-year profits have jumped eightfold on increased foreign exchange trading and better management of its bad loans.

• Bank chief urges lawyers to protect local interests

  
  2 months ago
  EADB wants lawyers to guard local interests when engaging multinational investors seeking regional natural resources.

• Why banks could be biggest casualties in the property demolitions

  
  2 months ago
  Lenders brace for collateral damages

• How banks defy interest rate cap to rake in big profits

  
  2 months ago
  Financial institutions report huge profits, contradicting their prior warnings that controlling lending rates would hurt banking sector.

• KCB edges out Equity as big 3 banks’ half-year profits rise

  
  2 months ago
  Two top banks report Sh12.1b and Sh9.4b net profit respectively as Co-op Bank rakes in Sh7.1b in half-year results.