Equity Testing ATM Withdrawal for Western Union Transfers
Equity Bank is rolling out a product that will allow users to access money send to them via Western Union through ATM stations and credit their Equity Bank Accounts.
KCB Finance Officer Touted to Replace Oduor as CEO
Joshua Nyamweya Oigara is set to replace Martin Oduor-Otieno as the Chief Executive Officer of the biggest bank by asset base in Eastern Africa, KCB.
Barclays Appoints Kenya CEO as Sub-Saharan Africa Head
Adan Mohamed who has been appointed as Sub-Saharan Chief Administrative Officer for Barclays Bank has been the Managing Director for Barclays Bank Kenya.
Bank on Facebook, or Twitter
With advancing technology, lenders are looking for the most convenient ways to get security for loans they give to borrowers. Use of social media profiles by LendUp in the US is an example.
Tullow Finds More Oil in Kenya
Tullow Oil and Africa Oil Corporation have found oil in the second well in the Turkana desert. The Twiga-1 well is said to contain about 100 feet of oil. Tullow found Oil in Ngamia 1 well earlier in the year.
CORRECTED: Barclays Q3 Pre-tax Profits Up 4%
Barclays Bank saw its profit before tax grow 40% in the 3rd quarter of 2012 in a period where banks enjoyed charging high interest rates on new loans borrowed by customers. CBK has since reduced the base lending rate to 11%.
NIC Bank Reports 35% Profit Growth in 3rd Quarter
NIC Bank has reported a 35% profit after tax growth in the 3rd quarter of 2012 earning interests on loans in tunes of KES 6.96 billion in the period. Commercial banks charged high interest rates on loans in the period.
NBK Profit Drops 68% in 3rd Quarter
National Bank has reported a profit after tax drop of 68% creating possibilities of a dividend lower than the KES 0.4 per share the bank paid the previous year.
No More Traffic Police as Tough Traffic Rules Effected
Amendments in the Traffic Act have commissioned all police officers, both regular and Administration Police to enforce traffic rules in a bid to curb road carnage that has killed 2,774 people since January this year.
'Chat With A CEO' Every Week
The weekly "Chat with the CEO" will give the public a chance to learn about banks and the capital markets, product innovation, SME opportunities and challenges, investment tips and career advise.
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