The year 2014 was a good year for KCB Bank as it posted an 18% rise in its pre-tax profit. This was an improvement from KES 20.12 Billion in 2013 to KES 23.79 Billion in 2014. Following the good performance in the year 2014, the board recommended a dividend payout…

TransCentury’s big owners lose Sh5bn in share price fall Investment firm TransCentury’s top owners have lost more than Sh5 billion of paper wealth since the company went public four years ago. In the past three months, for instance, TransCentury’s share price has shed more than a quarter of its value…

  KCB Group 2015 Quarter 1 Results KCB Bank Group saw its Q1 pre-tax profit rise by 12% to KShs. 6.2 Billion on the back of higher interest income, fees and commissions arising from new business lines. The Group’s CEO, Mr Joshua Oigara said that the growth in profitability from…

KCB mobile phone-based service hits over one million accounts KCB Group’s mobile phone-based lending services has hit more than one million accounts a month after it was launched, underlining the high potential of mobile banking. The platform dubbed KCB-M-PESA signed its one millionth customer this week and its deposits grossed…

TransCentury stock value drops by 67pc since listing in 2011 TransCentury Limited shareholders have seen the value of their holdings in the company plummet by two-thirds over the past four years, a sign that the share may have been too optimistically priced during its listing by introduction. TransCentury was valued at…

Equity gains 5pc buoyed by demand from local investors Equity Bank stock has this week rallied to gain nearly five per cent at Sh48, as it recovers from a slide to an eight-month low seen last week. Analysts said the counter has been attracting demand this week, more so from local…

KCB overtakes Equity Bank in valuation at NSE KCB has grabbed back its position as the most valuable listed lender at the NSE ahead of Equity Bank for the first time in seven months with its share price rallying to an all-time high and Equity slipping. KCB’s closing price of Sh63 a…