Banking
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BUSINESS
Stanbic Bank Affirms Commitment To Foster Growth Of SMEs In Kenya
Stanbic Bank Kenya has affirmed its commitment to SMEs growth and capacity building through innovative, customized and relevant solutions. The Bank made this announcement during the Kenya Annual Manufacturing Summit & Expo, popularly known as the Changamka Shopping Festival, organized in partnership with the Ministry of Investments, Trade, and Industry. Speaking to the theme of the festival, “Celebrating Kenya’s Manufacturing…
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BUSINESS
Absa Bank opens first flagship La Riba branch in Nairobi
Absa Bank Kenya has opened its doors to customers at its newest branch located at the BBS Mall, one of Kenya’s largest shopping malls located in the commercial area of Eastleigh, Nairobi. Whereas this branch will serve all customers in the area, it also becomes Absa’s flagship La Riba center, marking a strategic milestone in network expansion and setting itself…
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BUSINESS
Receive money from anywhere across the world with Equity
In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering unparalleled value to its customers by ensuring seamless, secure, and swift money transfers, that foster a sense of financial empowerment and convenience. These services cover a spectrum, including cash pick-up, deposits to bank accounts and mobile wallets. Through strategic partnerships…
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NEWS
Absa Bank increases interest rate on Digital Savings to 10 percent
Absa Bank Kenya has increased the interest rate on deposits on its Digital Savings account to 10% per annum, up from 9% per annum. The increase will be effective from December 12, 2023, and valid until March 2024. The Bank aims to empower its customers by offering an attractive interest rate through its Digital Savings Account, fostering a culture of…
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BUSINESS
Bank of Africa and Deluxe Trucks and Buses Ink Asset Financing deal
Bank of Africa and Deluxe Truck and Buses E.A have announced a new partnership to offer affordable truck financing solutions to small businesses in Kenya. The partnership will make it easier for small business owners to purchase trucks and manage their truck financing needs. The agreement will see customers access up to 90% financing and 0% processing fees for purchasing…
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NEWS
KCB Group Completes Acquisition of DRC-based Trust Merchant Bank
KCB Group has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals. The Group now owns 85% stake in the Democratic Republic of Congo (DRC) based lender. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic of Congo and the COMESA Competition Commission, setting the stage for the…
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NEWS
Equity appoints Samuel Kirubi as new Group Chief Operating Officer
Equity Group has appointed Samuel Kirubi as the Group Chief Operating Officer (GCOO). Kirubi moves from the position of Managing Director, Equity Bank Uganda to head the Group operations from the Equity’s head office in Nairobi, Kenya. Samuel holds a Masters Degree in Business Administration from Moi University and a BA in Economics and Statistics from Egerton University. He is…
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BUSINESS
Standard Chartered Bank introduces new 11.9% variable interest mortgage offering
Standard Chartered has introduced a new mortgage offering that will see clients access mortgages at 11.9% variable rate offer for new applications submitted and approved during the campaign period. The offer is open to both existing and new clients. Those seeking to transfer their mortgage to SCB to enjoy the new rate of 11.9% will get access to waived valuations…
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NEWS
Credit Bank named best Tier 3 lender
Credit Bank has been named best Tier 3 Bank, 2020, according to a new customer survey. The Customer Satisfaction Survey, conducted by the Kenya Bankers Association during the pandemic, gauged Kenyan banks’ adoption of digital banking. For the third year running, Credit Bank received recognition as the Best in Customer Responsiveness and Digital Experience. Judith Wanjala, Credit Bank’s Customer Experience Manager, expressed the…
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