Diamond Trust Bank FY’2016 Results

Diamond Trust Bank FY’2016 Results: EPS increased by 16.6% to Ksh.28.9 per share from Ksh.24.8

DTB released their FY’2016 earnings, recording an increase in core earnings per share (EPS) by 16.6 percent to Ksh.28.9 per share from Ksh.24.8 per share in FY’2015. This was due to a 22.6 percent increase in operating revenue despite a 30.1 percent increase in operating expenses. Key points to note include: Operating revenue increased by

Chase Bank (Kenya) Limited

Central Bank of Kenya (CBK) invites investors to take an equity interest in Chase Bank (Kenya) Limited

The Central Bank of Kenya (CBK) together with the Kenya Deposit Insurance Corporation (KDIC) is inviting investors to present an initial Expression of Interest (EOI) to take an equity interest in Chase Bank (Kenya) Limited which is currently in receivership. CBK has appointed KPMG as its Advisors in this process. CBK and KDIC, the appointed

Britam Holdings Limited FY'2016 Results

Britam Holdings Limited FY’2016 Results: The Board proposed a dividend payment of Ksh.0.3 per share, amounting to a total payment of Ksh.581.5 million.

Britam Holdings Limited released their FY’2016 results with earnings per share coming in at Ksh.1.1, from a loss per share of Ksh.0.5 in FY’2015. This was driven by the change in reserving methodology as per the Insurance Regulatory Authority (IRA), which required life insurers to prepare their FY’2016 financials based on gross premium valuations which

Shika

Alternative Circle signs a $1.1 million agreement with Creditinfo Group to help launch the rival to M-Shwari, Shika

Kenya’s Alternative Circle has signed an agreement with the international credit risk management company, Creditinfo Group, to the tune of $1.1 million. The seed capital will see Alternative Circle gain a wider geographical footprint, which will in turn open doors for greater opportunities for the mobile financial solutions innovator. “Partnering with Creditinfo Group will not

Monetary Policy Committee (MPC)

Cost of loans to remain at 14% p.a after review by Monetary Policy Committee (MPC)

Yesterday, Monday 27th March, 2017 the Monetary Policy Committee (MPC) met to review the outcome of its previous policy decisions and recent economic developments. The MPC therefore decided to retain the Central Bank Rate (CBR) at 10.0 percent in order to anchor inflation expectations. Hope you remember that the Banking (Amendment) Act 2016 sets the