National Bank of Kenya has posted a profit after tax of KShs.828 million for the financial year ending December 31, 2022. The Bank maintained strong operational performance, reporting an operating…

KCB Group Posts KShs. 40.8 Billion in FY 2022 Net Profit,  Balance Sheet Crosses KShs. 1.5 Trillion Mark.  KCB Group PLC recorded KShs.40.8 billion in profit after tax for the full…

The 2022 Privacy scorecard report recently launched by Unwanted Witness in partnership with the Centre for Intellectual Property and Information Technology Law (CIPIT) has warned that personal data is in…

Central Bank of Kenya has said that digital lenders that fail to meet strict customer protection rules introduced under Digital Credit Providers Regulations, 2021 will not be allowed to operate…

Equity Bank Ltd, a subsidiary of Equity Group Holdings has signed an Assets and Liabilities Purchase Agreement with Spire Bank Limited for the purchase of certain assets and liabilities of…

Diamond Trust Bank (DTB) Group CEO Nasim Devji has been listed as one of the Top 25 Powerful Women in the C-Suite Impacting Business 2022 by Business Monthly magazine. Specifically,…

Faulu Microfinance Bank has embarked on delivering in-person and online training on financial education to students in Universities and Technical Institutions across the country in partnership with AIESEC and the…

National Bank of Kenya reported KShs. 729 million profits after tax in H1 results compared to KShs. 765 million over a similar period in 2021. Whereas the Bank reported remarkable…

KCB Bank Kenya has unveiled a loyalty rewards campaign that seeks to appreciate its customers, merchants, and agents. Dubbed “Simba Rewards”, the campaign will see customers and partners who perform…

The Kenya Deposit Insurance Corporation (KDIC) has announced the implementation of the risk-based insurance premium model for commercial banks which had been suspended last year due to the Covid-19 crisis. The model…

Family Bank has recorded a 63.6 percent increase in its profit before tax for the first six months of the year 2020. A Kenya Shillings 852.1 million profit up from…

The Kenya Deposit Insurance Corporation (KDIC) has announced the implementation of the raised deposit insurance coverage of KSh 500,000 from KSh100,000 aimed at compensating depositors in case of a bank collapse. The…

KCB Group PLC has announced a Shillings 11.1 billion total dividend payout to shareholders for the financial year ended 31st December 2019, an increase from the Sh10.7 billion dividend paid out…

The Africa Development Bank, (AfDB) recently fired back at World Bank’s President David Malpass. In a press release, they accused Malpass of making statements that are not fact-based saying the…

We know banks to be reservoirs which hold money. In return, they earn by charging service fees. As such, you don’t have to scratch your head trying to find a…

“Data Is the New Oil of the Digital Economy. Data in the 21st Century is like Oil in the 18th Century”. That is a common phrase these days that most…

First Internet Bancorp operates First Internet Bank of Indiana as a bank holding company. It is one of the very first state-chartered, FDIC-insured banking institutions that doesn’t have any brick…

The year 2017 will probably be more associated with the forth-coming general elections in Kenya and whatever will happen thereafter but this is also the year M-PESA turned ten.  M-pesa…

It is slightly over a month since CBA launched their mobile banking app dubbed the CBA Loop – Unbank yourself. I honestly do not know how they justified the use…

Chase Bank has sued its former chairman and former senior managers in an effort to recover billions of shillings they are accused of illegally siphoning from the lender during their…

  A total of 2 million bank customers have signed up for the newest money transfer service, PesaLink owned by the bankers’ umbrella body. The milestone has been achieved barely…

March 13th 2017, that’s when CBA announced her Mobile Banking App – the CBA Loop – which is an App that is meant to “eliminate the need for visiting a…

Sacco’s have been warned on the need to strengthen their cyber defenses as the cybercrime continues to pose a threat to member’s personal information, deposits, and transactions.   Speaking at…

Earnings before tax rose 10% from KShs. 26.5 billion; posted the same period last year, to KShs. 29.1 billion profit for the full year ending December 31, 2016. This was…

Interswitch Group has announced that 12 Banks in Kenya have signed with Verve International. Verve International is the company’s payment solution which allows customers to make payments across the lenders’ network in over 3,000 point of…

3.35trillion. This is the amount of money moved via mobile money transfer in the last one year. This represents a 20% growth from the previous year to hit the 3trillion…

Pesalink may be what brings an eventual end to the use of cheques, Payment cards and Electronic funds transfer. This is according to analysts at Ecobank Africa. A shorter settlement…

  Ecobank Kenya has launched Ecobank Mobile App. This will enable an instant way of banking via the mobile phone by allowing customers to shop, transact and do business on…

Commercial banks and telecommunications companies are lagging behind in implementing a directive to disclose all fees on mobile money transactions to the customers. According to the Competition Authority of Kenya…

About six banks, out of the 43 who are members of the Kenya Bankers Association (KBA), have received regulatory approval from Central Bank of Kenya (CBK) to launch a mobile…