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.
KCB Customers to Get Discounted Prices on MulitChoice Products
KCB customers to enjoy discounts of up to 100% on MultiChoice products.
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%.
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.
'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.
Githae Calls on Banks to Lower Rates Faster
Banks still have their base lending rates at between 18.5% and 22.5% despite the Central Bank lowering the base lending rate (CBR) to 11% beginning of November.
Convert Shilling Directly to Chinese Yuan
With increasing travel and trade between Kenya and China, the need for easier of conversion of currency between the two nations is a welcome move. 1 Chinese Yuan is valued at approximately KES 13.74
Standard Chartered Bank Chairman Steps Down
Standard Chartered Bank has announced today that its Chairman, Wilfred Kiboro, has stepped down from serving as the bank's board chairman
NIC Bank Scoops Overall Financial Reporting Award
NIC Bank was named the overall winner of the 11th edition of the Financial Reporting (FIRe) Awards at a ceremony held at Safari Park Hotel on Friday.
Finance Minister says Interest Rates are Too High
Finance Minister Njeru Githae has expressed concerns over high interest rates the market is experiencing currently. Githae noted that although The Central Bank of Kenya has cut the base lending rate to 13% currently from 18% in June, commercial banks still have their rates higher…
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