Family Bank bucks industry trends to grow loan book
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.
Bankers reveal common type of cons during fraud awareness week
Most cases of fraud are seemingly social engineering, stealing credentials and identities for Push Payment fraud, due to rising digital adoption.
Sheer size of KCB loan book supports jump in profits
The contribution by subsidiaries (excluding KCB Bank Kenya) improved during the period, closing at 36.6 percent in profit after tax
Absa Bank sees strong profit growth on cost containment
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.
Co-op keeps growth steady with pivot to state and peers
To deal with the high costs banks have either had to cut costs elsewhere or target faster revenue growth in charging higher interest on customer loans
Equity Bank cuts bad-loan insurance on promise of lower rates
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.
Central Bank of Kenya threatens jail term on cyber rumours of a bank run
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
Mobile money profits slowdown on defaults
The decline in profits come at a time the lenders have stepped up the volume of their loans and the ticket size of disbursement.
4GB per customer data fails to stop Safaricom profit drop
Mobile data which now accounts for 20.0 percent of Service Revenue looks set to outgrow voice and messaging revenue that now account for 26.4 percent of service revenue. Only M-PESA is King as it accounts for 43.5 percent of service revenue.
Family Bank lifts H1 profits 14 pc on state securities leverage
As a Group, our focus in the first half of the year has been on prudent financial management by strengthening our liquidity position while working on satisfying customer needs.
Absa posts 28pc profits on out-running costs
Absa Bank Kenya has reported an impressive 28.9 percent jump in net profits in a difficult half year of Kes10.7 billion after revenues outpaced rise in costs. The Pan African lender saw interest income rise by Kes7.1 billion which was enough to
