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Banking & Finance
Equity Group records 36% profit rise in First Half of 2022
Equity Group has registered a 36% growth in profit after tax to KES 24.4B up from KES 17.9B in the first half of 2022, driven by a 29% growth in interest income to KES 55B up from KES 42.8B. During this period, the Group continued to…
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Kenya National Police DT SACCO Named 2nd Best Managed Sacco in Kenya
The Kenya National Police DT SACCO was named the second best managed SACCO in Kenya at the 100th Ushirika day celebrations held at the Kenyatta International Convention Centre (KICC) grounds in Nairobi. The award comes ahead of the…
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Stima Sacco Sets out to Popularize Shariah Compliant Products
Stima Sacco shall provide Yasar equity-based finance transactions, including Mudarabah, Murabahah, Musharakah, Salam and Tawaruq.
Stima deposit taking Sacco, after a successful launch has now embarked on a countrywide drive to popularize…
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Family Bank and World Navi Seal an Asset Finance Deal to Ease Direct Importation of Second-Hand…
SMEs to access up to 80 per cent asset financing for direct importation of quality second hand vehicles from Japan, Thailand, Singapore and South Africa.
Customers can now directly import quality second hand vehicles by accessing up to 80…
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Absa Customers To Access Kenswitch ATMs In New Deal
Kenswitch facilitates commercial banks and other financial services participants provide global payments across the East African region. Established under the National Payments Systems modernization project of the Central Bank of Kenya…
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DIB Bank Officially Opens Banda Street Branch
DIB Bank Kenya Limited has today opened a new branch at JKUAT Towers along Banda Street in Nairobi bringing services closer to customers in the Nairobi Central Business District (CBD). The new branch was inaugurated by DIB Kenya Board…
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ABSA Bank Kenya To Access Kenswitch Atms In Partnership Deal
Kenswitch Kenya Limited and Absa Bank Kenya Plc have formed a partnership that will allow the bank's customers to access over 2200 ATMs on the Kenswitch network, thereby increasing access to banking services.
Under the partnership, over 10…
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Kenya National Police DT SACCO Records Steady Growth As It Marks 5Oth Anniversary
Registered on 20th November 1972, the Kenya National Police DT SACCO started with a membership of 690 and has since grown to over 65,606 members. With a mission to provide competitive financial solutions to members through effective…
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Family Bank Acquires Ksh. 1.5 Billion Guarantee Facility From African Guarantee Fund To Fuel Growth…
...the African Guarantee Fund will provide a capacity-development assistance to Family Bank that will be utilized for technical expertise to the MSMEs and expose entrepreneurs to global knowledge on business development and climate-smart…
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Stanbic Bank Signs MoU with Kisumu County Government
Stanbic Bank Kenya has opened a new branch and signed a Memorandum of Understanding (MoU) with the County Government of Kisumu in a bid to contribute to the growth and development of the county.This is in line with the bank’s It Can Be …
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