I&M Bank Celebrates 50 Years of Success
I&M Bank is celebrating its golden anniversary, marking five decades of exceptional service and regional expansion. From its humble beginnings in 1974 as Investments & Mortgages Limited, a provider of personalized financial services, I&M has transformed into a leading financial institution with a presence across East Africa. The bank’s journey has been one of continuous […]
Equity Bank Leads As The Most Valuable Brand in Kenya
Equity Bank has once again solidified its position as the undisputed king of Kenyan brands, with a brand value increase of 1% to KES 65.8 billion. This is according to the latest rankings by Brand Finance, a globally renowned brand valuation firm. This achievement is particularly impressive considering the challenging economic climate, highlighting the bank’s […]
Why Kenyans Are Spreading Their Money Across Multiple Banks
A recent survey by the Kenya Banking Association paints a clear picture: over 62% of Kenyans choose to bank with multiple institutions, a trend that signifies a deliberate move away from singular bank loyalty. Gone are the days of simply choosing one bank and sticking with it for life. This phenomenon, while not entirely new, […]
Absa Bank Continues Expansion With New Imaara and Rupa Malls Branches
Absa Bank has announced the opening of two new branches, located at Imaara Mall in Nairobi and Rupa Mall in Eldoret, bringing their total branch network to 87 nationwide. The new absa bank branches are strategically situated within popular shopping malls, offering convenience and ease of access. The Imaara Mall is a shopping, dining, and […]
NMB Tanzania Loan Portfolio Hits TZS 7.9 Trillion Mark in Q1 2024
NMB Bank Tanzania has experienced a significant increase in its loan portfolio, reaching a staggering TZS 7.9 trillion, reflecting a 2.2% increase. This impressive achievement is just the tip of the iceberg, as the bank’s overall financial performance demonstrates robust growth across multiple key metrics. Total assets have climbed by 2.3% to TZS 12.5 trillion, […]
How Coop Bank Stock Price Declined by 11.39%
The Co-operative Bank of Kenya (Coop Bank) experienced a significant shock yesterday, with its stock price plummeting 11.39% to Sh12.45. According to analysts, several factors seem to have contributed to this downturn. Investor sentiment, a crucial driver of stock price movements, appears to have turned sour. Negative perceptions regarding Coop Bank’s performance or future prospects, […]
KCB Tanzania’s Loan Portfolio Expands by 24%
KCB Bank Tanzania has had an impressive growth in its loan portfolio for the first quarter of 2024, with the bank’s net loans jumping by a significant 24% to Tsh 931.2 billion (approximately Ksh 48.0 billion). This can be attributed to its well-diversified loan offerings that cater to a wide range of customer segments. The […]
I&M Bank Tanzania Q1 2024 Profit After Tax Increases by a Record 543%
I&M Bank Tanzania profit after tax skyrocketed by an impressive 543%, reaching a record high Tsh 1.8 billion (Ksh 0.09 billion) for the first quarter (Q1) of 2024. Additionally, net interest income, the difference between interest earned on loans and interest paid on deposits, surged by 48% to Tsh 14.0 billion (Ksh 0.72 billion). I&M […]
NCBA Now App Launches in Tanzania
NCBA Bank Tanzania has launched the NCBA Now app, the innovative mobile application empowering users with a suite of convenient and secure banking features directly accessible from their smartphones. The NCBA Now app offers real-time account management, allowing users to monitor their finances and transactions with ease. Customers can also manage their debit and credit […]
Diamond Trust Bank Kenya Expands to the Mt Kenya Region
Diamond Trust Bank (DTB) has announced a significant expansion of its branch network in the Mount Kenya region, with the opening of three new branches in Karatina, Nanyuki, and Nyahururu. Esteemed guests graced the grand opening ceremonies. In Nanyuki, DTB was honored to have Governor, Laikipia County, H.E. Joshua Irungu, and Deputy Governor, H.E. Reuben […]