KCB Bank Tanzania Posts TZS 26.1 Billion Profit After Tax for H1 2024
KCB Bank Tanzania profits hit TZS 26.1 billion in the first six months of 2024, up by 46 percent from the TZS 17.8 billion the Kenya banking subsidiary recorded at the beginning of the year. The bank impressively recorded pre-tax profits of TZS 38.7 billion (KES 1.89 billion). These profits were due to the high […]
I&M Bank Tanzania Posts TZS 5.1 Billion Profit after Tax for H1 2024
I&M Bank Tanzania recorded profits of TZS 5.1 billion in the first half of 2024, representing an impressive increase of 982% from TZS 0.5 billion at the beginning of 2024. The bank’s pre-tax profits saw a rise of 981%, reaching TZS 7.3 billion (Ksh 356 million). The Kenyan banking subsidiary further recorded an increase in […]
NCBA Waives Monthly Charges for Retail Bank Accounts
NCBA Group has discontinued the monthly account maintenance fees for all retail banking accounts, with both current and new clients no longer being subject to these charges from July 1, 2024. This policy change applies to a variety of account types, including consumer banking products such as salary accounts, Platinum Flexi, Platinum Pay as you […]
I&M Bank Named Most Popular Banking Brand on Social Media
I&M Bank has been recognized as the leading customer-favorite banking brand on social media in Kenya, as revealed by the 3rd annual Kenyan Banking Sentiment Index by DataEQ. The bank achieved an outstanding 45.8pp net sentiment score, surpassing NCBA Group, which secured the second position. Conducted from March 2023 to February 2024, the study aimed […]
Equity Bank Opens Its Doors in Marigat Town
Equity Bank has opened a new branch in Marigat town, increasing its total number of branches across the nation to 215. This new branch will serve as a financial hub tailored to meet the specific needs of the Marigat community and its neighboring areas. Customers to the new branch will have access to a wide […]
How to Quickly Borrow with the Tala Loan App
The Tala loan app is widely regarded as one of the best loan apps in Kenya, boasting over 10 million downloads since its introduction in 2014. A recent study revealed that 9 out of 10 customers are likely to borrow using Tala loan app again. Moreover, 82% of women reported increased confidence after using the […]
Equity Group and World Food Programme Sign Groundbreaking Pact to Boost Small-Scale Farming
Equity Group and the World Food Programme (WFP) have established a groundbreaking framework agreement, enabling WFP country offices to connect value chain participants in food and agriculture with financial literacy training and concessional financing via Equity Bank subsidiaries. This agreement, signed by Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings, and Cindy […]
I&M Bank Partners with Mastercard to Introduce Business Credit Card for Expense Control
I&M Bank and Mastercard have teamed up to introduce a new Business Credit Card solution, designed to help businesses efficiently manage daily expenses and support their global operations. This new solution includes the Business Credit Card and the World Business Credit Card, both tailored for the business and corporate banking sectors. The Mastercard Business and […]
How to Quickly Borrow Money with the Lendplus Loan App
The LendPlus loan app stands out as one of the best loan apps in Kenya, offering swift access to emergency funds by transferring them directly to your M-Pesa account within just 15 minutes of approval. Its popularity is attributed to its easy and fast application process, requiring only a single document, thereby eliminating the typically […]
Absa Bank and Old Mutual Roll Out Linda Biz to Support SMEs
Absa Bank and Old Mutual Kenya have introduced Linda Biz, a collaborative insurance product aimed at small and medium-sized enterprises (SMEs). This offering includes asset protection, medical coverage, and life insurance. Linda Biz will issue extensive medical insurance with options for outpatient, inpatient, dental, optical, and maternity care. It will also provide valuable benefits such […]