Barclays Bank of Kenya

Banks increase directors’ pay despite tough times

Nairobi Securities Exchange-listed banks increased their directors’ pay by 3.6 percent last year despite the fall in industry earnings, reversing the previous year’s effort to keep board spending in check. The total remuneration of bank directors hit Sh1.15 billion after seven out of the 11 publicly traded lenders increased their boards’ pay. National Bank nearly

The collapse of Dubai Bank could be the reason CBK stopped licensing new Commercial Banks

The Central Bank of Kenya, in a statement to the press, put on hold licensing of new commercial banks until further notice. “The Central Bank of Kenya has, with immediate effect, placed a moratorium on the licensing of new commercial banks until further notice”, the statement read in part. Although CBK did not give reasons