CBK MPC has maintained the CBR at 10%. This means that for the next 2 months loans will attract a maximum interest rate of 14% and deposit earn a minimum rate of 7%…
The foreign exchange reserves held by Central Bank of Kenya (CBK) have fallen by Sh38.6 billion ($378 million) since the beginning of this month, with traders saying the regulator has sold dollars in the market this month to support the shilling…
Still on CBK. The Governor will hold a briefing today at 10:30am at CBK offices…
4.National Bank of Kenya (NBK) has seen its Q3 capital ratios fall further below regulatory requirements even as the lender’s net earnings decreased fourfold to Sh521 million compared to last year’s Sh2.25 billion…
Standard Chartered net earnings for the nine months to September grew by 25% thanks to income from government securities…
Regional
Commercial Bank of Africa (CBA) intends to launch Mshwari in Ivory Coast in 2017 via a partnership with MTN.
7.The government of the State of Qatar has offered 40,000 jobs to Ugandans beginning 2017, to participate in the 2022 World Cup preparations. This is the third country within the Middle East to sign similar pacts with Uganda after Saudi Arabia in 2015 and Jordan two weeks ago…
Kumbe interest loans is what kept most banks in business. Most small lenders are now merging. Eg Fidelity to Mauritius SBM bank. Or is it a way of making more lending entrants into Kenya?
Yes. interest on loans was huge contributor to banks revenues. However, small banks are struggling more than the big ones because they don’t have access to cheap credit.