How Much Did Kenyan Banks Make From You?
It's half year results time and banks are showing exactly how well they did but how much of this money did they make off their customers?
Is Mobile Banking Safe?
With growing campaigns for Kenyans to subscribe to mobile banking, one question rises, is mobile banking really safe? Cybercrime is fast becoming a global threat and a resent research by Serianu Limited, Getting Back to Security Basics, revealed that Kenya hasn’t been spared in the cyber crime phenomena.
Co-op Bank Earns 84% More from Interest Charged
Co-operative Bank of Kenya’s income from interest charged on loans and advances has grown 84 percent to 11.07 billion shillings in the six months to June this year from 6.02 billion shillings in the same period last year. Sources at the bank tell Pesatalk that…
Capping Interest Rates would Hurt Borrowers, says KBA
The push by members of parliament to have interest rates capped could hurt borrowers in the long run. Kenya Bankers Association chairman Habil Olaka says that the move will result to banks devising methods to have secure lending only which will lock out…
NBK Customers Profit from High Interest Rates
National Bank of Kenya customers are profiting from Kenya’s volatile economy. According to the Bank’s Managing Director, Reuben Marambii, customers have been getting higher interest rates on their deposits due to inflation. Loans and advances from the company have therefore declined owing to the high cost of lending…
DTB Shareholders to wait for Returns
Diamond Trust Bank (DTB) stakeholders will not benefit from a 21% increase in the Group’s earnings per share. According to a press release from the company, the Board of Directors will not compensate the shareholders with an interim dividend for this announcement period. “Shareholders should not…
Consolidated Bank Short KES2.3 Billion of Target
Consolidated Bank is KES 2.32 billion shy of its KES 4billion target. After recently concluding the first phase of its bond issue, in which it auctioned almost half of its projected stock, the bank managed to raise KES 1.68 billion in the cash call with a subscription rate…
A Bank Account in Your Pocket
What if you could manage all your finances by clicking a few buttons on your phone? Kenyan banks may be closer to realising this than you think. Several financial institutions have adopted the trend in a bid to cash in on the fast-growing mobile market.The CBK…
A Few Things You should Know about Loan and Credit Reference Bureaus
Facts about loans and Credit Reference Bureaus
Diamond Trust Plans to Expand its Reach
“Diamond Trust Bank (DTB) plans to open new branches in other parts of Africa,” the bank’s General Manager, Alkarim Jiwa told the media during yesterday’s cash call. The bank has its sights set on Mozambique, South Sudan, Madagascar, The Democratic Republic of Congo and Rwanda to add to…
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