Kenyan Banks Eye Regional Market
With over 200 banks of Kenyan origin already having a presence in the region Kenyan banks seem focussed on capturing the regional market. More than 5 local banks have opted for regional expansion including Equity, Kenya Commercial Bank (KCB), Bank of Africa (BOA), I&M, Fina Bank and NIC Bank.
Inside Kenya's new Cheque System
Since January this year, all commercial banks in Kenya have officially implemented the Cheque Truncation System (CTS), a new electronic cheque clearing system that has reduced the number of days it takes for bank cheques to clear to 2 days from 4 days, leading to advantages for individuals…
KBA Launches "Chat With a Bank CEO"
say you had a chance to talk to a bank CEO what would you say? Well, here's your chance.
Understanding Tier II Capital
"Consolidated Bank seems set on shoring their Tier II Capital" What does that even mean?
Barclays Bank Plc Scandal: What happened?
On Wednesday June 27th global news reports simultaneously reported that Barclays PLC, the multinational banking and financial services company, had agreed to pay a total of $450 million or Ksh 37.8 billion to British and American regulators, to settle charges that the bank manipulated international loan interest rates.
Barclays Slashes Lending Rate
Barclays Bank of Kenya has announced it would be cutting its base lending rate by 1.5% effective 1st August 2012. This comes a day after the Central Bank of Kenya‘s Monetary Policy Committee cut its lending rate by a similar margin. Following the decision…
Give the Millionaires a CBR, and They’ll Take a Mile
The Monetary Policy committee will tomorrow have their monthly meeting where they decide how to deal with serious matters such as the the Central Bank rate, which is basically, the rate at which the central bank loans money to banks, and which should dictate the rate at which…
A Quick Look at Bank of China
What do we know about the Bank of China? A few interesting facts.
CBK Gives Bank of China Nod To Open Office in Kenya
Bank of China has been granted a license to open a representative office in the country by the Central Bank of Kenya. The bank is eyeing a full operation in east Africa. According to Reuters, foreign lenders have been…
CBK Could Maintain 18% CBR
Central Bank of Kenya‘s Monetary Policy Committee is set to meet this week in discussions that could see the fate of interest rates determined. The Central Bank Rate (CBR) however is bound to be maintained at 18% thwarting any hopes of lower lending rates by…
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