Banking, Market News


National Bank of Kenya to Retire 150 Employees Aged Over 35
National Bank of Kenya to Retire 150 Employees Aged Over 35
National Bank has offered early retirement to its permanent and pensionable employees aged 35 years and above and who have served the ...

CBK Welcomes JP Morgan’s Expansion Plan into Kenya
CBK Welcomes JP Morgan’s Expansion Plan into Kenya
JPMorgan Chase & Co. (JPM.N), an American multinational banking and financial services holding company will expand into Kenya and Ghana in ...

KCB Group to Hand Over Chase Bank to SBM in February
KCB Group to Hand Over Chase Bank to SBM in February
The Kenya Commercial Bank of Kenya (KCB Group) next month will hand over Chase Bank under receivership to SBM Holdings Ltd. SBM, ...

Central Bank Expected to Retain Policy Rate at 10pc
CBK Announces Ksh 35Bn Tap Sale on the Infrastructure Bond
The Central Bank of Kenya (CBK) is expected to retain its benchmark interest rate at 10 per cent at a policy meeting ...

Chase Bank Depositors to Access their Balances in Three Years
Chase Bank Depositors to Access their Balances in Three Years
Depositors at Chase Bank Kenya who received 50 percent of their deposits in January will access the remaining half within three years. ...

Stanbic Bank, KCB Group Record Growth in Core Earnings in Q3’2017
CBK Announces Ksh 35Bn Tap Sale on the Infrastructure Bond
Stanbic Bank and KCB Group have recorded a growth in core earnings per share out of the eleven Kenyan listed banks. Data ...

KCB Group Named 2017 Kenya’s Bank of the Year
KCB Group Named 2017 Kenya’s Bank of the Year
KCB Group has been named the 2017 Bank of the Year—Kenya, during the 18th Banker Awards held in London on Thursday for its ...

Centum Net Profit Drops 20.7pc  from KSh2.06Bn Half Year Results

Centum Investment Company Plc (NSE: ICDC), has posted a 21 percent drop in profit after tax to Ksh 1.63 Billion from ...

Standard Chartered Bank Issues Profit Warning

The Standard Chartered Bank has issued a profit warning for the full year ending December 2017, being the first lender to do ...

IFRS 9 will Introduce a new normal for the banking sector – Jeremy Awori
IFRS 9 will Introduce a new normal for the banking sector - Jeremy Awori
The relationship between a bank and its customers has changed a great deal in the past few years. From a time when ...