profit Archives - Orals East Africa

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

Finance & Markets

Safaricom hooks youth to arrest falling call time

At Kes140 billion, M-Pesa revenues now make up 43 percent of mobile money incomes dwarfing voice, mobile data and messaging incomes for the telco.

May 9, 2024

Finance & Markets

Bad loans and acquisition deals cost KCB twice as much to recapitalize

KCB Group plans to borrow $200 million (Kes26.5 billion) to help rebuild the balance sheet of its Kenyan banking subsidiary up from $100 million, about Kes14.5 billion the bank announced last year.

March 25, 2024

Finance & Markets

Absa smoothens transition year with 12 percent profit growth

Absa appointed Abdi Mohamed as CEO in May 2023, replacing Mr Jeremy Awori who left the lender after a decade that saw it switch brands from Barclay Plc. Last year was also the inaugural year for Absa executing its ambitious five-year strategy to win

March 18, 2024

profit

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

Safaricom hooks youth to arrest falling call time

Bad loans and acquisition deals cost KCB twice as much to recapitalize

Absa smoothens transition year with 12 percent profit growth

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