Will risk based pricing bring cheaper loans in Kenya
Absa Bank said it would get rid of negotiation fees under the new model which will mean cheaper costs for the borrower.
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Family Bank moves Kangemi branch closer to SMEs
We aim to deliver additional value and support economic growth in Kangemi through differentiated and tailored customer value propositions
Cash and customers; how Family Bank survived 90’s crisis without raising rates
Interest rates skyrocketed to 30 per cent and many building societies and other financial institutions collapsed due to high non-performing loans which were given at that level. At Family Bank, we stuck to an interest of 20 to 25 percent
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.
