KCB to finalize purchase of Congo lender by year end

Companies KCB to finalize purchase of Congo lender by year end Wednesday September 21 2022 Customers being served at a Kenya Commercial Bank (KCB) branch in Nairobi. FILE PHOTO | NMG KCB Group expects to finalize the acquisition of Democratic Republic of Congo lender Trust Merchant Bank (TMB) by the end of the year after … Read more

KCB’s stake in Rwanda unit rises by 10.8pc after merger

Companies KCB’s stake in Rwanda unit rises by 10.8pc after merger Tuesday September 06 2022 Customers being served at a Kenya Commercial Bank (KCB) branch in Nairobi. FILE PHOTO | NMG KCB Group raised its stake in its Rwandan subsidiary by an additional 10.8 percent to 87.5 percent after merging KCB Bank Rwanda and Banque … Read more

KCB secures Sh18 billion IFC credit to fund green projects

Capital Markets KCB secures Sh18 billion IFC credit to fund green projects Friday September 02 2022 KCB Group chief executive officer Paul Russo during the lender’s announcement of half year 2022 financial results in Nairobi on August 24, 2022. PHOTO | DIANA NGILA | NMG KCB has obtained a loan of $150 million (Sh18 billion) … Read more

KCB’s Congo buyout target heavy on commission

Market News KCB’s Congo buyout target heavy on commission Thursday September 01 2022 Customers being served at a Kenya Commercial Bank (KCB) branch in Nairobi. FILE PHOTO | NMG KCB Group’s Democratic Republic of Congo acquisition target Trust Merchant Bank made twice as much in fees and commissions compared to net interest income in 2021, … Read more

Paul Russo on using his HR skills to lead KCB into the next growth frontiers

Boss Talk Paul Russo on using his HR skills to lead KCB into the next growth frontiers Friday August 26 2022 Paul Russo took over the reins at KCB Group from Joshua Oigara in late May, with his immediate task being implementing the group’s 2020 -2022 Beyond Banking Strategy which is aimed at leveraging on … Read more

NSE shares dive despite higher corporate half-year earnings

Capital Markets NSE shares dive despite higher corporate half-year earnings Thursday August 25 2022 Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Stock prices continued to retreat on Wednesday despite higher earnings reported by key bank stocks for the … Read more

Bank loan defaults cross half a trillion for the first time

Capital Markets Bank loan defaults cross half a trillion for the first time Thursday August 25 2022 Central Bank of Kenya. FILE PHOTO | NMG Bank loan defaults have crossed the half a trillion shilling mark for the first time, setting up thousands of borrowers for property seizures in an economy hit with reduced cash … Read more

Banks take mobile loans model to regional market

Capital Markets Banks take mobile loans model to regional market Friday August 19 2022 Customers being served at Family Bank Tower branch in Nairobi. PHOTO | SALATON NJAU | NMG Kenyan banking multinationals are increasingly targeting the regional market with mobile short-term credit facilities loans in a bid to grow fees and interest income from … Read more