Finance & Markets - Page 2

IMF warned Kenya currency strength won’t bring down prices

IMF said models tracking Kenya’s exchange rates movement over decades showed that while prices shot up during currency depreciations, they do not come down when the shilling strengthens.

February 20, 2024

Finance & Markets

Standard agreements could unlock Dhow CSD to African, Global markets

The Central Bank of Kenya has done the legwork, now we need to go out and tell the world about it, and the world wants to know about the enforceability of the arrangements and that is where standard contracts will be key

March 5, 2025

Finance & Markets

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.

February 13, 2025

Brands·Finance & Markets

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

January 27, 2025

Brands·Finance & Markets

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

January 1, 2025

Finance & Markets

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.

December 2, 2024

Finance & Markets

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.

November 22, 2024

Finance & Markets

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

November 21, 2024

Finance & Markets

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.

November 20, 2024

Finance & Markets

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

November 18, 2024

Finance & Markets

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.

November 15, 2024

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Finance & Markets - Page 2

IMF warned Kenya currency strength won’t bring down prices

Standard agreements could unlock Dhow CSD to African, Global markets

Will risk based pricing bring cheaper loans in Kenya

Family Bank moves Kangemi branch closer to SMEs

Cash and customers; how Family Bank survived 90’s crisis without raising rates

Family Bank bucks industry trends to grow loan book

Bankers reveal common type of cons during fraud awareness week

Sheer size of KCB loan book supports jump in profits

Absa Bank sees strong profit growth on cost containment

Co-op keeps growth steady with pivot to state and peers

Equity Bank cuts bad-loan insurance on promise of lower rates

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