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
Why banks are finally interested in business
With credit to the private sector having tumbled to 3.7 percent in July from 13.9 at the end of last year, banks are coming to knock on your door, those who cultivate these relationships are the ones that will come out on
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.
Family Banks on experience in Chairman pick
Banks are looking for steady hands to navigate the tough operating environment and are going for leadership with skills and networks across industries to thrive.
Absa returns to Kisumu day to roll out Foundation programme
Absa Bank launched Absa Kenya Foundation (AKF), its corporate social arm with a seed funding of Sh500 million and a commitment of 1.5 per cent of its annual earnings
Will US rate cuts give Kenya an edge in IMF talks
The IMF support has come with tough structural adjustment programmes that have resulted in open confrontations between governments unable to keep administrations running and businesses unable to keep shops open at high levels of extractive taxation.
Will SunKing revive branding wars in rural towns
The high upfront equipment cost often acts as a barrier preventing many Kenyan consumers from adopting solar energy.
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.