KCB regains top bank badge with 69% net profit jump
The lender's Q1 results show net profits almost doubled to Sh16.5 billion from Sh9.8 billion in Q1 of 2022.
Source: the-star.co.ke
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KCB to Hire 400 New Employees, CEO Paul Russo Announces: "Building Capability"
Kenya Commercial Bank (KCB) Group is gearing up to recruit 400 new employees across its regional operations, driven by the surge in online banking.
Source: tuko.co.ke
How State courts financial mess with awkward loan schemes
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.
Source: nation.africa
Inverted yield curve points to a possible recession
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.
Source: the-star.co.ke
NSE 2024 trading opens on a four-year low
In 2023 the bourse opened trading with 1.73 million shares equivalent to Sh33.8 million.
Source: the-star.co.ke