Topic: Absa Bank Kenya
Absa Bank Posts 20% Net Profit Increase To Kes 14.7B
The lender has attributed the performance to a 19% rise in funded income, which reached Kes 34.5 billion, and a 13% increase in non-funded income, which now totals Kes 12.2 billion.
The lender has attributed the performance to a 19% rise in funded income, which reached Kes 34.5 billion, and a 13% increase in non-funded income, which now totals Kes 12.2 billion.
Co-operative Bank Records 8.5% Net Profit Increase To Kes 26.8B
The lender attributed the performance to customer loan and deposit increases, which supported growth in interest and non-interest income.
The lender attributed the performance to customer loan and deposit increases, which supported growth in interest and non-interest income.
Absa Pumps Kes500M Into Newly Launched Absa Kenya Foundation
The Absa Kenya Foundation will focus on various areas: entrepreneurship, education, natural resource management, and health.
The Absa Kenya Foundation will focus on various areas: entrepreneurship, education, natural resource management, and health.
I&M Bank Unveils AI-Powered ‘Buy Now, Pay Later’ Service
The service will provide a flexible and convenient financing option across multiple merchants and e-commerce platforms through a partnership with Craft Silicon’s Spotit platform.
The service will provide a flexible and convenient financing option across multiple merchants and e-commerce platforms through a partnership with Craft Silicon’s Spotit platform.
Absa Bank’s Ksh.63B Sustainability Efforts Show Significant Impact
Absa Bank Kenya has made significant progress in its sustainability strategy, which began in 2018 with a focus on sustainable development and responsible banking.
Absa Bank Kenya has made significant progress in its sustainability strategy, which began in 2018 with a focus on sustainable development and responsible banking.
Stanbic Bank Kenya Launches Two New Money Market Funds
The two funds include the Stanbic Money Market Fund (denominated in Kenyan shillings) and the Stanbic Fixed Income Fund (US Dollars).
The two funds include the Stanbic Money Market Fund (denominated in Kenyan shillings) and the Stanbic Fixed Income Fund (US Dollars).
Family Bank Posts A 15.4% Gross Profit Increase To Kes 2.32B
Family Bank attributed the growth to an increase in interest income.
Family Bank attributed the growth to an increase in interest income.
Absa Bank Posts A 29% Net Profit Increase To Kes10.7 Billion
Absa Bank Kenya's board has approved an interim dividend of Kes 0.20 for its shareholders.
Absa Bank Kenya's board has approved an interim dividend of Kes 0.20 for its shareholders.
Absa Kenya Expands Agency Network To 17,000 Outlets By 2026
Absa Bank Kenya has unveiled an ambitious plan to expand its agency network. Within the next two years, it aims to establish over 17,000 service outlets nationwide.
Absa Bank Kenya has unveiled an ambitious plan to expand its agency network. Within the next two years, it aims to establish over 17,000 service outlets nationwide.
Mars To Purchase Pringles Maker Kellanova for $36bn
Mars makes sweet treats, including Twix, Bounty, Milky Way, M&Ms, and Skittles, and Kellanova has brands, including Pop-Tarts
Mars makes sweet treats, including Twix, Bounty, Milky Way, M&Ms, and Skittles, and Kellanova has brands, including Pop-Tarts
ABSA Bank Unveils Outlet At Rupa Mall In Eldoret Town
The Rupa Mall branch will offer diverse services, including forex exchange, money transfer, bill payment, and digital services.
The Rupa Mall branch will offer diverse services, including forex exchange, money transfer, bill payment, and digital services.
Banks To Seek Approval From Treasury Before Raising Interest Rates
The Supreme Court has ruled that banks and financial institutions must seek approval from the National Treasury Cabinet Secretary before increasing interest rates on loans and facilities.
The Supreme Court has ruled that banks and financial institutions must seek approval from the National Treasury Cabinet Secretary before increasing interest rates on loans and facilities.
Absa Bank Posts A 34% Net Profit Growth To Kes 5.9b In Q1
Absa Bank Kenya recorded a 34 percent net profit growth to Kes 5.9 billion in the first quarter of 2024 compared to a similar period last year.
Absa Bank Kenya recorded a 34 percent net profit growth to Kes 5.9 billion in the first quarter of 2024 compared to a similar period last year.
I&M Posts 33.3 Pc Net Profit Growth To Kes 3.6B In Q1
The lender attributed the growth to improved interest and operating revenues.
The lender attributed the growth to improved interest and operating revenues.
Women-Led SMEs To Get Loans To Ease Access To Finance
Women-led SMEs are set to get loans starting from Kes 1 million to ease access to finance and scale up their businesses.
Women-led SMEs are set to get loans starting from Kes 1 million to ease access to finance and scale up their businesses.
SBM Bank Kenya Appoints Bartesh Shah As Chief Executive Officer
SBM Bank Kenya has appointed Bhartesh Shah as the new Chief Executive Officer, replacing Moezz Mir.
SBM Bank Kenya has appointed Bhartesh Shah as the new Chief Executive Officer, replacing Moezz Mir.
Absa Life Assurance Records 29 % Revenue Growth To Kes 5.9 B
Absa Life Assurance's revenue increased by 29 percent to Kes 5.9 billion, attributed to introducing new product lines for the full year ending December 2023.
Absa Life Assurance's revenue increased by 29 percent to Kes 5.9 billion, attributed to introducing new product lines for the full year ending December 2023.
Sidian Bank Opens 46th Branch In Thindigua, Kiambu County
Sidian Bank has announced the opening of its 46th branch in Thindigua, Kiambu County to expand its presence across the country and support the growing local economy.
Sidian Bank has announced the opening of its 46th branch in Thindigua, Kiambu County to expand its presence across the country and support the growing local economy.
Access Bank Increases Loan Interest To 20 Percent
Access Bank has increased the cost of borrowing loans after raising the interest rate to 20 percent in response to the tough prevailing economic conditions.
Access Bank has increased the cost of borrowing loans after raising the interest rate to 20 percent in response to the tough prevailing economic conditions.
I&M Group Net Profit By 15 Percent To Kes 13.3 Billion
I&M Group PLC's profit after tax increased by 15 percent to Kes 13.3 billion in the full year ending December last year, compared to a similar period in 2022.
I&M Group PLC's profit after tax increased by 15 percent to Kes 13.3 billion in the full year ending December last year, compared to a similar period in 2022.
-1732263645.jpeg)
