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KCB Group half year net profit grows by 102% to Ksh. 15.3 Billion

The Kenya Commercial Bank Group net profit for the first six months grew by 102% to Ksh. 15.3 Billion up from Ksh. 7.6 Billion for a similar period last year. ....

Atlas Mara , Joshua Oigara , African Banking Corporation , Kenya Commercial Bank Group , Banque Populaire , அட்லஸ் மாரா , கேந்ய வணிகரீதியானது வங்கி குழு ,

KCB gets nod to acquire two banks in the region

KCB gets nod to acquire two banks in the region
Friday June 04 2021
Banque Populaire Du Rwanda (BPR) stand in Kigali. KCB was granted approval for the acquisition of Rwanda’s BPR and African Banking Corporation Tanzania Ltd. PHOTO | FILE | NMG
Summary
KCB said the acquisitions in Rwanda and Tanzania are part of the group’s ongoing strategy to achieve regional relevance and will increase the brand’s footprint while reinforcing existing market capabilities.
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Kenya Commercial Bank Group’s shareholders approved a proposal to acquire up to 100 percent of issued ordinary shares in two banks in Rwanda and Tanzania.
Approval for the acquisition of Banque Populaire Du Rwanda (BPR) and African Banking Corporation Tanzania Ltd (BancABC) was granted electronically during the 50th annual general meeting held on May 27. ....

South Sudan , Andrew Kairu , Joshua Oigara , African Banking Corporation Tanzania Ltd Banc , Kenya Commercial Bank Group , Commercial Bank Group , Banque Populaire Du Rwanda , African Banking Corporation Tanzania Ltd , East Africa , Executive Joshua , Kennedy Senelwa , Kcb Acquisition , African Banking Corporation Tanzania Ltd , தெற்கு சூடான் , ஆண்ட்ரூ கைரு , கேந்ய வணிகரீதியானது வங்கி குழு , வணிகரீதியானது வங்கி குழு , பாங்க் பாபலேயை டு ருவாண்டா ,

KCB Group posts a Ksh. 6.3 Billion net profit for Q1 2021

KCB Group posts a Ksh. 6.3 Billion net profit for Q1 2021
KCB Group posts a Ksh. 6.3 Billion net profit for Q1 2021
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The Kenya Commercial Bank Group has posted a Ksh. 6.3 Billion net profit for the first three months to March which was a 1.8% rise from a similar period last year.
The marginal rise in profitability was as a result of 9% rise in the interest income to KSh21.97 billion at the end of the first quarter, from KSh20.21 billion in the same quarter last year, due to increased lending. However, there were lower fees and commissions on short-term mobile loans. This is due to the fact that the bank scaled down its mobile loans to mitigate defaults in the wake of the economic difficulty brought by the Covid-19 pandemic, hurting fees from the short-term credit facilities. Also, non-interest income fell 20 percent to Sh6.3 billion from Sh7.8 billion. ....

Joshua Oigara , Kenya Commercial Bank Group , கேந்ய வணிகரீதியானது வங்கி குழு ,