Interest Archives - Orals East Africa

Kesonia, the new CBK rate to rule them all

Kenyan banks have been given just two days to review loan interest rates on shilling-denominated debt in line with a new benchmark anchored on the overnight interbank average rate, now renamed the Kenya Shilling Overnight Interbank Average (KESONIA). CBK announced Banks have

August 27, 2025

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

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

August 26, 2024

Interest

Kesonia, the new CBK rate to rule them all

Absa Bank sees strong profit growth on cost containment

Absa posts 28pc profits on out-running costs

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