Lowering interest rates by Kenyan banks: Economic impact
As from December 2024, Kenyan banks are set to reduce their lending interest rates following cuts by the Central Bank Rate (CBR) by the Central ...
Saturday, December 21, 2024
Tag: Bank
Cytonn Money Market Fund vs bank accounts
When it comes to saving money, most people automatically turn to their traditional bank accounts. While saving in a bank ...
Banks record reduced lending to customers as of September 2024
Up to the third quarter of 2024, Kenyan banks experienced a notable shift in their lending practices, marked by a significant ...
Court awards KES 8 million to ex-ABSA manager for unfair dismissal, privacy breach
ABSA Bank Kenya has been ordered to pay a former senior branch manager KES 8.32 million in damages and compensation ...
The ultimate guide to picking a bank: Rates, fees, and security considerations
Selecting the right bank for your money is a crucial financial decision that can impact your savings, security, and overall ...
Equity Group Announces Plans to Acquire a Stake in a Rwandan Bank
Equity Group Holdings Plc has today announced plans to acquire a 91.9% stake in Compagnie Générale de Banque (Cogebanque) Plc, ...
Kenya Bankers Association Recommends Keeping The CBR Rate Unchanged
The Kenya Bankers Association Center for Research and Financial Markets and Policy, through its latest released Research Note, recommends that ...
DTB Set to Open 24 New Branches in Kenya as Part of Expansion Plans
DTB (Diamond Trust Bank) has announced its ambitious expansion plans by opening 24 new branches across Kenya. This move comes ...
2022 Bank Profits Driven By Forex Income
A dollar shortage in the interbank market created arbitrage opportunities for banks, with buy rates for US Dollars reaching as ...
CBK Reinstates Charges Between Bank and Mobile Money Transactions
The Central Bank of Kenya (CBK) has reinstated charges for transactions between bank accounts and mobile money wallets, which will ...
