Leading Banks are Stashing Cash
An analysis of the end-year financial results of leading banks shows a trend that they indeed are stashing up large amounts of cash. In the year ended 2010, the Kenya Commercial Bank had retained earnings of Kshs. 15,388,072,000. The retained earnings that KCB reported in its 2011 end-year financial…
M-pesa Turns 5
What were you doing when you were 5? I was probably running around the house much to the annoyance of my parents, falling off my bike or falling off a tree. Largely, falling, breaking things and crying a lot is what a typical 5 year old does.
Co-op Bank Set to Enter South Sudan
The Co-operative Bank of Kenya is the third largest financial services provider in Kenya (by market value) and it has total assets to the tune of Ksh 144 billion (US$1.76 billion) making it a success story of the Kenyan co-operative movement. Established in 1965 as a co-operative society it…
NIC Drops Mobile and Internet Banking Access Fees
NIC Bank has dropped all access fees for its mobile and internet banking services. The introduction of mobile banking brought about a lot of convenience. However the cost that came with it in terms of charges like monthly charges made it costly. The mobile banking services offered by NIC include;…
Do You Track Your Mobile Money?
We wake up one morning in the late years of the 2000s decade and we are served with the best thing to ever come from this side of the globe. Mobile Money transfer. There have been claims that it is the best thing that has happened in Kenya and Africa…
CBA Launches Dollar Credit Card
CBA is proud to launch the first US Dollar credit card in East Africa, giving clients the convenience and ease of banking they have come to expect. It is through our focus on customer service and our array of products that we deliver on our brand promise: time for more.
Ecobank opens Karen Branch
Karen, Nairobi is now home to Ecobank’s 24th branch after the bank opened a new branch at the Karen Office Park. Residents and the Business Community within Karen and its environs can now access a wide range of the Ecobank’s products and services such as credit…
KCB declares KES 15 Billion in pre-tax profit for 2011
Kenya Commercial Bank’s profit after tax rose by 53 per cent in 2011, rising from 9.8 Billion in 2010 to KES 15.1 Billion in 2011. The bulk of the earnings, KES 14B, was contributed by KCB bank wile its subsidiaries in Tanzania, Uganda, Rwanda and South Sudan contributed…
KCB Bank Full Year 2011 Earnings: My Analysis
December 2011 Millions Ksh
December 2010 Millions Ksh
Net Interest Income
23,286
19,645
Non Interest Revenue (NIR)
16,022
11,016
Total Operating Income (TOI)
39,309
30,661
Total Operating Expenses
24,179
...
NIC Bank AGM on 2nd May, 2012. Agenda
The fifty second Annual General Meeting of the shareholders of NIC Bank Limited will be held at the Kenyatta International Conference Centre (KICC) – Tsavo Ball Room, Nairobi, on Wednesday 2nd May, 2012 at 11.00a.m. The directors of the company will be seeking apporoval on the following items:…
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