May 20

• Kenya: NBK Eyes SH10 Billion in Fight for the Market

  National Bank of Kenya will raise more than Sh10 billion in a cash call next year to fund expansion and increased lending, its chief executive said. Read more »

• Kenya: Election Jitters Affected Lending - CBK Survey

  INDIVIDUALS and businesses avoided borrowing from commercial banks in the first three months of this year due to uncertainities over the March 4 general election. Read more »

May 17

• Kenya: BoA Kenya Raises Sh3.2 Billion for Expansion

  Bank of Africa Kenya has raised Sh3.18 billion fresh funding in form of equity and debt from its shareholders to finance its local expansion. Read more »

• Kenya: Co-Op Bank Profits Up 31 Percent to Sh3.23 Billion

  CO-OP Bank yesterday reported a 31 per cent increase in profits before tax for the first three months of this year to Sh3.23 billion compared to Sh2.47 billion recorded in a... Read more »

May 14

• Kenya: Nairobi Stock Exchange Awaits Safaricom's Earnings

  The Nairobi All Share edged 0.05 points higher to close at 122.57.It is +29.211% this year . The Nairobi NSE20 Index eased 22.91 points to close at 4866.05. The Nairobi NSE20 Index... Read more »

• Kenya: Bankers Out to Reduce Incidence of Unclaimed Assets

  The Kenya Bankers Association wants bank customers to routinely update their records as it steps up campaign to cut incidence of unclaimed financial assets. Read more »

• Kenya: IRA Issues New Rules to Protect Customers

  INSURANCE product advertisements, employees and agents will face closer scrutiny brought on by a new guidelines aimed at protecting customers from deception. Read more »

• Kenya: Banks Not Transparent Enough Report Says

  Our banks are guilty of not revealing all the information needed by their customers. A report by Ernst & Young indicates that banks do not disclose all information on their... Read more »

May 13

• East Africa: Kenya Commercial Bank Focus On Market Share Not Expansion

  KENYA Commercial Bank has suspended further expansion into the region and will instead concentrate on growing its market share using existing networks, its chairman Musa Ndeto has... Read more »

• Kenya: Banks Told to Change Their Lending Stratergies

  Banks have been encouraged to re-evaluate their lending strategies especially to the SME sector who lackcollateral. Financial advisers Ernst & Young says banks need to come up... Read more »

• Kenya: Shilling Falls,With Support From Tea Expected

  The shilling slightly fell today but traders say the currency could be supported by dollar inflows from the tea sector and strong foreign demand. Banks quoted the shilling at... Read more »

• Kenya: Stanchart to Issue New ATM Cards From September

  STANDARD Chartered Bank Kenya will start issuance of new pin and chip cards in September to enhance security of its customers ATM cards. Speaking yesterday during the opening of... Read more »

May 10

• Kenya: Standard Chartered Bank to Migrate ATMs By September

  Standard chartered bank says it will in September begin issuing new technology ATM cards. Bhartesh Shah says this is to increase the safety of their cards due to rising cases of... Read more »

May 9

• Kenya: Central Bank Lowers Rate By 8.5 Per Cent

  The Central Bank of Kenya yesterday cut its key lending rate by 100 basis points to 8.50 from 9.50 per cent to support low inflation levels and buoyant market activity after the... Read more »

• Kenya: Effects of Easing the Lending Rate to You

  You will soon be able to borrow from banks at better rates, after Central Bank lowered the lending rate to 8.5% yesterday. Analyst Razia Khan says although this may well be the... Read more »

• Kenya: Shilling Holds Steady After CBK Cut Lending Rate

  The shilling was steady today, a day after the Central bank cut the interest rate to 8.5%. Banks quoted the shilling at 83.80/84.00 to the dollar , the same level it closed at... Read more »

• Kenya: KCB Quarter One Profits Up 26 Percent

  KCB has reported a 26% rise in its first quarter pretax profit to 4.3 billion shillings. Net interest income grew 6% to 7.4 billion shillings while the share of profit from... Read more »

May 8

• Kenya: Shilling Steady

  The shilling was steady today but is expected to weaken as some investors predict an interest rate cut is inevitable after the central bank postponed its rate-setting meeting by a... Read more »

• Kenya: Did Someone Try Pushing Uchumi Price Lower?

  The Nairobi All Share rallied 0.77% to close at 120.99. The Market was actively traded with Turnover of 761.074m. The Nairobi NSE20 rallied 25.25 points to close at 4846.43. The... Read more »

• Kenya: Equity Nets Sh4.5 Billion Three Month Pre-Tax Profit

  EQUITY Bank earned an average profit of Sh50 million daily in January, February and March bringing its profit before tax for the first quarter of this year to Sh 4.5 billion. Read more »

• Kenya: Barclay Kenya Scoops Three Banking Awards

  Barclays Bank of Kenya won three awards in the 2013 edition of The Banking Awards of Kenya. Read more »

• Kenya: Central Bank Reduces Lending Rate to 8.5 Percent

  Central Bank has reduced its lending rate to 8.5% from 9.5%. The monetary policy committee says ongoing measures continue to support a low and stable inflation, a stable exchange... Read more »

May 7

• Kenya: Barclays Kenya Scoops Three Banking Awards

  Barclays Bank has won three awards in the 2013 edition of the Banking Awards of Kenya. The Bank emerged top in the corporate banking sector and was also awarded the runners up... Read more »

May 6

• Kenya: Kenya Airways Headed for a Loss-Citibank

  KENYA Airways is facing bad days ahead, according to a global investment research firm which is projecting another loss for the airline in the second half of its financial year... Read more »

• Kenya: Family Bank Says Eyeing Top League

  FAMILY Bank has embarked on plans to achieve top tier banks status in the country within the next five years, Chairman Wilfred Kiboro has said. Read more »