Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
The United Kingdom and the United States have emerged as the top destinations for physical cash flown out of Kenya, according to a new report released by the Central Bank …
One of Nigeria’s biggest financial institutions, Zenith Bank Plc, has started discussions to buy a mid-level Kenyan bank, as part of its expansion strategy into East Africa. This planned move, …
KCB Group’s Chief Executive Officer, Mr Paul Russo, has been elected as the new Chairman of the Kenya Bankers Association (KBA), the umbrella body that represents all commercial banks in …
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
The Central Bank of Kenya (CBK) has warned commercial banks in the country to reduce their lending rates or risk facing serious financial penalties. The warning came from CBK Governor …
Kenyan banks are now relying more on secured borrowing to manage their short-term funding needs, as the value of secured interbank lending doubled in just one month. According to official …
The Central Bank of Kenya (CBK) has announced that it will lift the moratorium on the licensing of new commercial banks after almost ten years. This decision, set to take …
The Central Bank of Kenya (CBK) has approved Access Bank Plc, one of Nigeria’s biggest financial institutions, to take full control of the National Bank of Kenya (NBK). This move …