Sidian Bank Recognized for Customer Excellence at Kenya Banking 2023Survey Awards
Sidian Bank secured the 2nd place in the tier three category at the Kenya Banking Customer Satisfactory 2023 Survey Awards. The survey involved interviewing more than 30,000 customers of Kenyan banks nationwide. The Kenya Banking Customer Satisfactory Survey Awards hold considerable significance within the industry. They serve as a benchmark for strategies aimed at enhancing […]
Equity Bank’s PayPal Withdrawal Enhancement
Equity Bank account holders will now enjoy instant withdrawal capabilities, as opposed to the initial 24-hour period, after the bank enhanced its PayPal withdrawal service. Whether in Kenyan Shillings (KES) or United States Dollars (USD), customers will henceforth have the ability to seamlessly withdraw funds from their registered PayPal accounts straight into their Equity Bank […]
Why Kenyans Are Shifting To Survival Loans
The borrowing landscape in Kenya is undergoing a profound transformation, marked by a notable shift towards survival loans and a simultaneous decline in investment borrowing. Survival loans, short-term financial assistance intended to address immediate basic needs like food and rent, have become increasingly prevalent among borrowers in Kenya. This article aims to provide a comprehensive […]
The KCB-Mastercard Partnership For Banking in East Africa
Kenya and Mastercard Foundation have entered an alliance aimed at elevating the banking experience for cardholders across East Africa. This collaboration spans over five years and encompasses a broad range of initiatives aimed at enhancing payment solutions and benefits for customers. Kenya, Rwanda, Burundi, South Sudan, Tanzania, and Uganda will be the beneficiaries of this […]
Kenya’s $1.5 Billion Eurobond Success Via Standard Bank Group
Standard Bank Group played a pivotal role in facilitating Kenya’s recent foray into the international capital markets. Acting as joint lead manager and bookrunner, the bank spearheaded Kenya’s issuance of a $1.5 billion Eurobond. Concurrently, Standard Bank Group served as joint dealer manager for a tender offer of $1.4 billion outstanding Eurobonds due to mature […]
A Look Into Equity Bank’s Base Lending Rate Hike
Equity Bank has notified its customers and the general public of its decision to revise its Reference Rate (EBRR) from the current 17.56% to 18.24%, effective from 20th February 2024. This decision comes as a response to the adjustments in the Central Bank Rate (CBR) from 10.5% to 12.5% in December 2023 and subsequently to […]
What the Depreciation of the US Dollar Against the Kenyan Shilling means for Banks
The recent depreciation of the US dollar against the Kenyan shilling has reverberated throughout the banking sector in Kenya, ushering in a period of both challenges and opportunities. At the current usd to ksh exchange rate of 1 United States Dollar equaling 144.50 Kenyan Shilling, the depreciation of the US dollar against the Kenyan shilling […]
Banking Services in the Spotlight as the Kenyan Shilling Strengthens Against the Dollar
The surge of the Kenyan shilling against the US dollar marks a significant juncture in the nation’s economic journey, carrying far-reaching implications for financial institutions and the wider community. This development affects various banking services, encompassing borrowing, lending, foreign exchange transactions, and investment opportunities, presenting both challenges and prospects as banks navigate the evolving financial […]
Sidian Bank Contributes Kes 1 million to KETSA’s 3rd Annual Leaders’ Summit
Sidian Bank has revealed its platinum sponsorship of the Kenya Teachers Sacco Association (KETSA) for the much-anticipated 3rd Annual Leaders’ Summit. With a substantial contribution of Kes 1 million, the bank has shown its steadfast dedication to advancing the cooperative movement and promoting shared value within the community. The summit, a crucial event in Kenya’s […]
Equity Bank’s Strategic Move From Eazzy Banking to Equity Mobile
Equity Bank has declared the discontinuation of the eazzy banking app as it shifts towards the equity mobile app, a more contemporary and user-friendly digital platform. The transition is set to commence on March 15, 2024. The choice to retire the eazzy banking app arises amid a transformative phase in customer behavior within the digital […]