Tag: SBM Bank Kenya


Chase Bank Set for Liquidation to End 5-Year Saga

On April 7, 2021, KDIC submitted the Receiver’s Report to CBK recommending that CBLIR be liquidated. The report indicates that considering the weak status of CBLIR’s financial position, liquidation is the only feasible option. 

SBM Bank Q1 Profit Hits Sh66 Million

Customer deposits increased from Ksh51.3 billion to Ksh55.7 billion

SBM eyes Eastleigh, Gikomba Sh2b daily economy with new branches

SBM Bank Kenya has opened two more branches in Nairobi targeting the Ksh 2 billion that changes hands in the thriving Eastleigh and Gikomba...

KCB ends Chase Bank receivership role

This follows the Central Bank of Kenya’s approval of the transfer of selected assets and liabilities of the lender to SBM Bank Kenya

Banks slow down acquisitions and mergers

Only one acquisition has been recorded so far IN 2018, a departure from last year where the country registered four, with more banks expressing interest in acquiring others

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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 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.

SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model

SasaPay has introduced a new cash-back model designed to...

Gor Mahia Fan Who Correctly Predicted 15 Out of 17 Games Wins Millions

The 30-year-old, also an avid follower of English Premier League giants Manchester United, came close to the grand prize of Ksh334,783,843 SportPesa Jackpot.

In Race for African Leadership Award, Ruto Faces Tough Opposition

Among the contenders of the prestigious African of the Year award is Kenya’s President William Ruto, who will be battling it out with President Hakainde Hichilema of Zambia and Prof. Benedict Okey Oramah, President of Afrexim Bank.

Transforming Financial Inclusion: The Impact of M-Pesa in Kenya and Beyond 

Discover the profound impact of M-Pesa on financial inclusion in Kenya and beyond. Explore how this innovative mobile service revolutionizes transactions and shapes the future of finance globally.