Kenyan Women Choose Equity Bank as Their Preferred Banking Partner: Survey Reveals
Equity Bank has clinched the top spot as the leading banking brand for Kenyan women for the third consecutive year. This is according to a recent survey conducted by IPSOS and BSD Group. The survey, encompassing over 1,000 adult women from all eight former provinces in Kenya, delves into the holistic consumption habits of women. […]
DhowCSD Makes History: CBK’s Platform Clinches Global Award for Financial Innovation
The Central Bank of Kenya’s (CBK) DhowCSD platform has been crowned the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. DhowCSD, launched in July 2023 and officially inaugurated by President William Ruto in September, has revolutionized the way Kenyans access and trade government securities. This innovative platform empowers users to manage their Central […]
Co-op Bank’s Expansion amidst the Digital Revolution
Kenya’s Co-operative Bank is planning to open 15 new physical branches this year, despite the rising preference for digital services in the banking sector. Currently boasting over 193 branches nationwide, coop bank aims to maintain a physical presence while embracing the digital revolution sweeping across the financial industry. Digitalization has revolutionized the customer experience in […]
Charles K Muchene Recognized as a Great Leader among Board Chairs
Charles K Muchene has been distinguished among the 25 most impactful Chairs of Boards in the country. This is in light of his visionary leadership at Absa and his strong business acumen, which extends across various sectors and industries. As the Chairman for Absa Bank Kenya Plc and a board member of AIG Insurance Ltd. […]
Equity Bank Rises to the Top as the 2nd Strongest Banking Brand Globally
Equity Bank has claimed the 2nd position in the World’s Top 10 Strongest Banking Brands, as revealed in the Brand Finance Banking 500 rankings. This marks the third consecutive appearance for Equity in the prestigious rankings, showcasing the bank’s steadfast ascent in the global banking arena. With a remarkable Brand Strength Index (BSI) score of […]
Standard Chartered Bank Reports a Net Profit for FY2023
Standard Chartered Bank Kenya Limited (SCBK) has reported a net profit of Kes. 13.8 billion for FY2023. This marks an increase of 14.76% compared to the previous year’s net profit of Kes. 11.8 billion. Alongside this achievement, Standard Chartered Bank Kenya has also seen remarkable growth in interest income, with a notable 28.5% increase in […]
The Top 10 Loan Apps in Kenya
As Kenya increasingly embraces digital innovation, the demand for accessible financial services has greatly increased. Loan apps have become a convenient and efficient option for individuals in need of quick loans. Here, we’ll take a closer look at the top 10 loan apps in Kenya: Tala loan app is a popular choice for borrowers looking […]
NMB Bank and UBX Tanzania Forge Powerful Partnership
NMB Bank and UBX Tanzania Limited, the operator of the Umoja Switch ATM Network, have come together in a strategic partnership. This partnership brings together NMB and 17 Umoja Switch partner banks under a unified ATM network. This will make it the broadest shared system of Automated Teller Machines in the country. The collaboration between […]
Co-op Bank Shines as the Best Bank in Kenya for Customer Experience
Co-operative Bank of Kenya has been recognized as the Over-all Best Bank in Kenya for Customer Experience at the Kenya Bankers Awards. Co-op bank emerged as the top performer in the Tier one category and secured the Best Overall Bank accolade. This achievement marks the second consecutive year that Co-op Bank has been honored with […]
Stanbic Bank’s Financial Triumph in FY’2023: A Comprehensive Analysis
Stanbic Holdings Plc recently announced its strong financial results for the fiscal year 2023. The company reported a remarkable 34.20% increase in post-tax profit, reaching Ksh 12.16 billion. The notable growth in post-tax profit is attributed to various factors that have contributed to Stanbic’s financial success. Chief among these are improved net interest margins, balance […]