Kcb Group News Today

The lender's Q1 results show net profits almost doubled to Sh16.5 billion from Sh9.8 billion in Q1 of 2022.

Kenya Commercial Bank (KCB) Group is gearing up to recruit 400 new employees across its regional operations, driven by the surge in online banking.

From digital to group loans and now payment of health cover, the government is getting itself into a space it has struggled to leave a mark.

This week T-Bill trading results released by the Central Bank of Kenya, all are now trading above 16% According to CBK, banks reported bond revaluation losses on two- and 20-year Treasury bonds of Sh102.7 billion by mid-last year.

In 2023 the bourse opened trading with 1.73 million shares equivalent to Sh33.8 million.

Twenty-nine companies have so far taken up reporting on the impact their businesses are having.

This is by the Banker Magazine in the United Kingdom.

The amount is equivalent to 85 percent of all the letters of credit issued under the deal in which Kenya imports fuel on credit from the UAE.

Co-operative Bank has posted a 7.5% profit growth to Sh18.4bn in the nine months to September.

This is according to the annual ranking for 2023 released last week