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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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
Banks are changing corner shops business model
Across the country over 260,000 shops work as financial services agents with half of them garbed in monopolistic green of the giant telco Safaricom.
EAC rescues Equity Bank from Kenya profit decline
The decline of loans advanced to customers from Kes459 billion to Kes423 billion means the bank made money from charging higher interest rates, which could fuel defaults.
Search for deposits in provincial towns draws banks outside Nairobi
Customers will have access to transactional accounts, savings accounts, deposit accounts, Shari’ah-compliant solutions, financial advisory services, and more.
Kamiti calls bypass multibillion banking firewalls
Even as Kenyan banks build strong IT systems to prevent digital fraud, criminals are still getting access from inside men and customers who hand over passwords to a stranger over the telephone, forget to report a stolen ID or transact in public
Absa finds sweet spot for savings and insurance for small businesses
The combination of savings with insurance is likely to draw small business deposits to Absa Bank putting the lender on a market lead to secure cheap savings at a time when deposits in the banking sector are very expensive.
Kenya shilling wrestles the dollar down in H1
Banks are using profits to splurge on the shareholders with dividends attracting buyers and paying huge executive bonuses.
Kenyan regulator helps banks recapture digital lending market
Kenya’s regulator ordered informal lenders to seek licenses in March 2022 where it received over 400 applications from several players. CBK initially granted approvals to only 51 firms and took almost a year to approve only 19 more.
