KCB Group reports a Ksh. 16.5 Billion net profit in Q1 2024
KCB Group has recorded a 69% growth in net profit to KShs. 16.5 billion in Q1 2024 up from KShs. 9.8 billion.
Source: hapakenya.com
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Toyota's credit business is fined $60M for saddling customers with overloaded loans
The Consumer Financial Protection Bureau on Monday ordered Toyota's credit arm to pay $60 million for tricking customers into unnecessary products that it then made unreasonably hard to cancel.
Source: aol.com
Barclays refuses to rule out job cuts as bad customer loans rise
Barclays has refused to rule out job cuts as part of a sweeping cost savings plan to boost profits.
Source: yahoo.com
Brac Bank continues strong growth in customer deposits, loans and advances in 2022
Despite a challenging business environment in 2022, Brac Bank has grown its balance sheet strongly. The consolidated Brac Bank entity (i.e., Brac Bank with all its subsidiaries) has earned a Net Profit After-Tax (NPAT) of Tk 380 crore in the first nine months of 2022, reflecting a growth of 12% compared to the same period of 2021. On a standalone basis, Brac Bank's NPAT stood
Source: tbsnews.net
How Title Lenders Trap Georgia Residents in Debt — ProPublica
Title pawns offer quick cash, but high interest rates and poor regulation make them a debt trap for many Georgians
Source: propublica.org