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.Â
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
XINHUA -
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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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 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
NEWS
SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model
SasaPay has introduced a new cash-back model designed to...
SPORT
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.
NEWS
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.
SMART MONEY
Transforming Financial Inclusion: The Impact of M-Pesa in Kenya and BeyondÂ
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.