Bank accounts reveal Kenya's pay inequality
Only 2.65 percent of Kenya’s 66.3 million bank accounts held more than Sh100,000 last year, reflecting Kenya’s growing income inequality.
Source: businessdailyafrica.com
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Top News In Stanbic Kenya Today - Breaking & Trending Today
Stanbic opens new branch in Kisumu & promises to contribute to the growth of the County
Stanbic has opened a new branch in Kisumu & has signed an MOU with Kisumu County in a bid to contribute to the growth of the county
Source: hapakenya.com
Clifford Chance advises on the financing of Lots in the Kenya Annuity Road Programme
International law firm Clifford Chance alongside Kenyan counsel Bowmans Coulson Harney advised the commercial bank lenders on the financing of road Lots 15 and 18 of the Kenya Annuity Road Programme.
Source: cliffordchance.com
Regional banks weather Covid storm
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30.
Source: theeastafrican.co.ke
Stanbic announces a reduced Ksh. 5.2 billion net profit for FY 2020
Stanbic announces a reduced Ksh. 5.2 billion net profit for FY 2020 Shares Stanbic Holdings has announced that it has registered a profit after tax of Ksh. 5.2 billion for the year ended 31st December 2020. This represents a reduction from the Ksh. 6.3 billion the company posted over the same period in 2019. Total income also reduced to Ksh. 23 billion from Ksh. 24 billion in 2019 while operating expenses reduced to Ksh. 12 billion from Ksh. 13 billion. The board of directors of the company have recommended a dividend per share of Ksh. 3.80 for the financial period ending 31st December 2020...
Source: hapakenya.com