Are You Keeping Track Of Your Credit Score?
We all dream of owning a house, a car or even start our own company; all these require a strong financial base which our current financial status might not support. Banks and other credit lending institutions have come in to help us realize these dreams but recent events…
IFC in Deal to Support Small Lenders
World Bank’s private investment arm has entered into a partnership with a credit card company to help extend financial services to low-income earners. The International Finance Corporation (IFC) and the MasterCard Foundation on Monday signed a $37.4 million deal to help micro-finance institutions…
Githae Calls on Banks to Lower Rates on Loans
Finance minister Njeru Githae has continued with his call on commercial banks to lower the rates at which commercial banks give loans to their customers. Githae has been asking banks and other lending institutions to make loans affordable to borrowers citing reduced cost of operations for the banks. Speaking at…
CFC Stanbic 2011 Results
3%, the increase in CfC Stanbic Holdings' net profits in 2011
Banking Sector Grows Through Turbulent Times
The Kenyan banking sector has been growing despite the turbulent economic times the country has experienced in the recent past. The sector posted good results for the year ended December 2011. This is evidenced by the impressive profit before tax of Ksh.89.3 billion (USD1.08 billion) for the year ended December…
How Much You Can Borrow From Airtel Money Loan Service
Airtel Kenya and Faulu Kenya yesterday announced a partnership that would see Airtel Money customers’ access short term loans on their mobile phones via Airtel Money. Click here for more information. This service will enables users to access cash advances for emergencies…
Choosing the Right Bank
Banking for dummies...How to bank in this "Facebook Era!
Sharing a Bank Account with Your Spouse
I recently visited my bank branch and unexpectedly ran into my high school crush, she looked as beautiful as she did back in our school days, but sad to say, she was with her boyfriend. They were in the process of opening a joint account, so I learnt…
KCB First Quarter Profits up 37%
KCB Group Q1 profits up 37% to 2.43 billion
Equity's First Quarter Results
Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…
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