The Lender’s loan book grew by Kes10 billion to Kes94 billion in a period where industry wide loans to the private sector tumbled to 3.7 percent in July from 13.9 at the end of last year.
It is clear that this show can fill a stadium and there goes what the entertainment scene has been asking of this market. Here’s a show that will pull even outsiders across East Africa to the shores of Lake Victoria.
This is the second major expansion in East Africa following the 2018 acquisition of Makini Group of Schools and establishment of Crawford International School in Kenya.
Absa Bank cost containment strategies helped reduce the lenders cost to income ratio to 37.8 percent with this improvement resulting in total revenue growth outpacing costs, aided by an improving rate environment.
The impact of high interest rates continued to be felt in the banking sector with Equity Bank facing higher costs on deposits while loans advanced to customers shrunk on declined demand.
Cyber crime laws in Kenya confers a fine of not more than Kes5 million or a ten-year jail term for those convicted for knowingly publishing information that is false in print, broadcast, data or over a computer system