Patrick Alushula

Co-operative Bank of Kenya has posted a 4.4 percent growth in net profit to Sh19.2 billion in the nine months ended September 2024, on increased interest and non-interest income.

'What has really worked is the restructuring of our balance sheet. The Sh130 billion of foreign-denominated loans that we have paid were very expensive.'

Sanlam Kenya plans to raise Sh3.25 billion from its shareholders to settle a Stanbic Bank Kenya loan and rescue the company from liquidity challenges.

The Central Bank of Kenya (CBK) faces a legal headache in complying with the law requiring staggered replacements as it prepares for the exit of

MPs demand paperwork on Sh14bn CBK bank notes printing deal

The growth of the life insurance from bancassurance business has been largely fueled by credit life, mortgage and individual life products.

The share of bancassurance business in the gross written premiums (GWP) in Kenya has hit 10%, offering hope that the growing partnership between banks and insurance firms in the East African nation is going to be a key driver in deepening penetration.

Absa Bank Kenya net profit grew 19.8 percent to Sh14.75 billion in the nine months ended September 2024 as interest and non-interest income rose.

In the latest round, the TRA wants consultants to co-ordinate the assessment and accreditation of class A and B hospitality enterprises in 16 counties as a continuation of the national accreditation, classification and grading exercise that is intended to cover the entire country.

KCB Group announced a 49 percent growth in net profit to Sh44.5 billion in the nine months of trading ended September 2024.