KCB Group's net earnings grew by 53 percent to Ksh.9.9 billion in the first quarter ended March 31, 2022. This was helped by higher interest and non-interest income and lower loan loss provisions. KCB’s net profit in Mach 2021 stood at Ksh.6.4 billion. Outgoing KCB chief executive
KCB Group PLC has finished a merger process for its KCB Bank Rwanda and Banque Populaire du Rwanda (BPR) after it received regulatory approval from the National Bank of Rwanda (BNR). This will see the name of the newly merged entity changed to named BPR Bank
National Bank of Kenya will be delisted from the Nairobi Securities Exchange effective November 25, 2021. This follows a successful takeover of 100 percent shareholding by the Kenya Commercial Bank (KCB) Group. The delisting has been approved by the Capital Markets Authority (CMA) pursuant to Regulation 22(4) C of the
KCB Group Plc more than doubled its profit after tax in nine months to September 30, 2021, placing it among the best performing banks in terms of profits despite the ongoing Covid-19 pandemic. Net profit stood at Ksh.25.2 billion from Ksh.10.9 billion a year ago, a 131 percent jump,
Kenyans could soon go back to paying charges for cash transfers from bank accounts to their mobile money wallets. Banks are already in talks with the Central Bank of Kenya (CBK) to bring back customers’ transfer of money from bank accounts to mobile money wallets. Kenya Commercial Bank
KCB Group PLC has completed the acquisition of Banque Populaire du Rwanda Plc (BPR) from Atlas Mara Mauritius Limited and Arise B.V. This makes the lender a majority shareholder with a 76.67 percent stake in the Banque Populaire du Rwanda Plc totalling Ksh.4.6 billion This follows the securing
KCB Group has posted a strong performance in the first half of the year, to record double net profit of Ksh.15.3 billion compared to Ksh.7.6 billion recorded same period last year. Profit after tax doubled to Revenues increased by 14 percent on account of higher interest income
Kenya Commercial Bank (KCB) has signed a pact with japan based giant lender, Sumitomo Mitsui Banking Corporation (SMBC) that will see Kenya’s biggest lender by asset tap into the Japanese market. The agreement between the two banks signed in Yokohama last week will see the two lenders
