banks

61 Articles
Englishpoint Marina KCB Dispute
BUSINESS

Borrowers Tie Lenders in Web of Litigation as Defaults Rise

In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20...

Kenya banking report by PWC
ECONOMYLEADERSHIP

Banks Contributed Bulk Of Corporate Taxes In Last Two Years

A new report compiled by audit firm PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association attributes the decline to reductions in corporate...

Equity Bank Kenya - Kenyan banking industry performance in 2020
SMART MONEY

Banks Picked a Bad Flu From Covid-19 Economic Disruption

Despite the growth slowdown, the industry continued to withstand market shocks arising from the pandemic. The KBA report indicates that the sector’s outlook...

Kenya has now become a hotspot for cyber fraudsters and criminals. Cybercrime in Kenya is targeting banks and other financial institutions. www.businesstoday.co.ke
FEATURED STORY

The Billion-Shilling Threat to Banks by Young Techies in Nairobi Estates

In 2018 and 2019, cyber criminals made away with at least Sh2.6 billion

The Central Bank of Kenya's (CBK) statistics have shown that money in circulation outside banks has increased. www.businesstoday.co.ke
ECONOMY

After Changing Old 1000 Notes, Kenyans Now Resort to Holding Their Money in Cash

Statistics from CBK suggests that Kenyans do not prefer keeping their money in banks as currency in circulation outside banks increases

NSE trading results www.businesstoday.co.ke
MARKETS

Banks Shares Hit a Rare Mark as Safaricom Nears All-Time High

The market was mainly driven by trading in banking and Safaricom shares, which represented over 85% of the traded volume.

SMART MONEY

Kenyans Transfer Sh25bn From Mattresses to Banks as Deadline Nears for Old Notes

With just one month before the old Ksh 1,000 become valueless, the Central Bank of Kenya says Ksh 25 billion were returned to...

FEATURED STORY

Banks required to report critical cyber attacks within 2 hours

With increasing fears that cyber attacks pose a huge threat to Kenya’s economy, The Central Bank of Kenya (CBK) has published new cyber...

NSE
STOCKS

Banks, Safaricom transact 95% of NSE turnover

The first day of trading in June at the Nairobi Securities Exchange (NSE) saw turnover decline as against the final day of trading...