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 taxes and Pay As You Earn (PAYE) collections.
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 for the year 2021 is stable, supported by adequate capitalization and liquidity levels.
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
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
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.
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 the formal financial system in a span of 30 days.
According to data from the CBK, money held outside the banking system...