National Bank of Kenya (NBK) has swung to a full-year loss after setting aside significantly more money for bad loans, one day after sending its chief executive officer on compulsory leave.
Shockingly, in December last year, NBK announced that it...
Chase Bank has posted a net loss of Sh792 million for the full year ended December 31, 2015, compared to a profit of Sh2.35 billion posted in 2014.
Chase Bank’s total interest income declined from Sh15.1 billion to Sh13.5 billion...
Chase Bank has secured a Sh5 billion on-lending facility from African Development Bank (AfDB) for SME lending.
The credit facility will add to the Sh60 billion that the bank had pledged to lend to SMEs during the Global Entrepreneurship Summit...
The Nairobi Securities Exchange may be opening its gates to Savings and Credit Co-operatives (Saccos) in the country. This is according to Co-operative Development Permanent Secretary Ali Noor Ismail.
Speaking yesterday during the inaugural Sacco Leaders’ Convention in Nairobi, Ismail...
National Bank of Kenya has issued a profit warning saying that its 2015 profit will be at least 25 per cent lower than the previous year.
The bank has cited bad loans as the cause for dropped earnings. “NBK’s earnings...
When Shark Tank's Robert Herjavec wanted to start his own company, people discouraged him. They said he couldn’t do it. He had zero experience, he didn’t have a business degree and he knew nothing about running a business.
The headstrong...
K-Rep Bank, majority owned by investment firm Centum with a 67.5 per cent, has recorded a 27.5 per cent net profit drop in the year ended December 2015. K-Rep Bank said its net profit in the period stood at...
Until his suspension on March 29, 2015, Mr. Munir Sheikh Ahmed was the CEO of National Bank of Kenya (NBK). He had served as Managing Director at National Bank Of Kenya Ltd since June 7, 2012.
He is a career...
National Bank of Kenya (NBK) has sent six managers including the chief executive officer Mr. Munir Ahmed on compulsory leave. In a decision arrived at following a board meeting held on Tuesday, NBK’s board of directors also appointed Mr....
The Central Bank of Kenya (CBK) has rubbished reports that Fidelity Bank is to be placed under receivership. This follows reports circulating on social media alleging that Fidelity Bank is about to be closed or placed under statutory management.
In...
