Co-operative Bank Archives

Co-operative Bank has kicked-off a country-wide campaign of engaging Micro, Small & Medium-sized Enterprises (MSMEs) in the counties. The forum focuses on training and equipping business clients with the skills and strategies to grow their businesses in the changing operating environment in the economy. This part of a US$150 partnership programme between Co-op Bank and the International Finance Corporation (IFC) to provide affordable financing and business training to Kenyan MSMEs.

The lender is focused on equipping SMEs with skills to grow their businesses Co-operative Bank has kicked-off a country-wide campaign ...

Trading at the Nairobi Securities Exchange (NSE) opened the week on a positive note as the value of shares traded closed 65.4 per cent higher at Ksh865 million(US$8.6million ), compared to Ksh523 million (US$5.2 million)traded last Friday. The day saw a total of 30.5 million shares moved, up from 18.6 million shares on Friday when the market took a weekend break. The bond market had bonds worth Ksh3 billion transacted.

NSE dips as 2018 ends on a bear market territory

by Chacha Mwita

January 10, 2019

NAIROBI, KENYA, JAN 2 — The Nairobi Securities Exchange (NSE) lost 17 per cent on market capitalization for the year ...

Diamond Trust Bank (DTB) has posted a 9.4 per cent growth in net profit for the first quarter ended March, buoyed by returns from investment in government securities and non-funded revenue. The Nairobi Securities Exchange (NSE) listed lender closed the period with a Ksh1.97 billion net profit compared to Ksh1.80 billion posted last year. The Group defied a tough operating environment to build customer deposits to Ksh275 billion, while the asset base grew to Ksh370 billion, entrenching the DTB’s position as a leading tier one bank in Kenya and the wider East African region.

DTB joins big boys with Ksh5.2 billion profit in Q3

by Chacha Mwita

November 23, 2018

NAIROBI, KENYA, NOVEMBER 23 — Diamond Trust Bank (DTB) has posted a Ksh5.2 billion net profit for the period ended ...

Barclays Bank Kenya has registered a flat growth in profit for the first quarter of 2019 as ongoing rebranding to Absa continues to impact its balance sheet.The Nairobi Securities Exchange (NSE) listed bank has reported a Ksh1.89 billion net profit for the period under review, a marginal 0.5 per cent growth compared to Ksh1.88billion posted in a similar period last year. The separation of Barclays Africa Group from Barclays PLC are expected to have an impact on Barclays Kenya’s financial results over the next two years as it invests in systems required to be separated.

Barclays Kenya profit up 2.1% to Ksh5.44 billion, mulls name change to Absa

by Chacha Mwita

November 22, 2018

NAIROBI, KENYA, NOVEMBER 22 — Barclays Bank of Kenya has recorded a 2.1 per cent increase in net profit for ...

KCB Group is the most attractive bank in Kenya a latest banking sector report has revealed, which now sees the lender retain the position for the third financial year. The lender which has cemented operations in Kenya and the East Africa region is ranked first on the back of a high return on average equity of 21.9 per cent, compared to an industry average of 19.5 per cent.

KCB retains top position as most attractive bank in Kenya

by Chacha Mwita

September 24, 2018

NAIROBI, SEPTEMBER 24 — KCB Group is the most attractive bank in Kenya a latest banking sector report has revealed, ...

(L-R) Fanisi Capital Co-Managing Partner Tony Wainaina, Kitengela International School (KISC) Founder Paul Mwangangi, Fanisi Capital Co-Managing Partner & CEO Ayisi Makatiani and IFC - PE and Investment Funds Officer Maingi Mukando. Fanisi Capital on Thursday entered into an agreement to invest up to Sh400 million in KISC.

Fanisi Capital courts another International School in quest to raise Sh5 billion

by Njenga Hakeenah

September 13, 2018

Fanisi Capital has entered into an agreement to invest up to Sh400 million in Kitengela International School (KISC). The agreement ...

KCB is among five banks penalised by the CBK over the NYS billions scam.

Kenya’s biggest bank by assets KCB, 4 others caught in NYS billions scam whirlwind

by Njenga Hakeenah

September 13, 2018

Five Kenyan banks will pay a combined penalty of close to Sh400 million over dealings in the National Youth Service ...

Co-operative Bank of Kenya has posted a Ksh10.3 billion net profit for the year to September 30, up from Ksh9.5 billion buoyed by growing net interest income mainly from loans and investment in government securities. The Nairobi Securities Exchange listed bank has recorded a strong performance even as the banking industry in Kenya continue to navigate through a challenging economic environment , which has been occasioned by among other, the capping of interest rates in Kenya.

Co-op Bank profit dips 10% on lower interest earnings

by Chacha Mwita

March 16, 2018

NAIROBI, KENYA,MAR 15 — The Co-operative Bank of Kenya net profit for the year ended December 31, 2017 fell 10.2 ...

Kenya’s Bankers Association launch inter- bank transfer platform

by Alex

February 17, 2017

NAIROBI, Kenya, Feb 17 - Kenya Bankers Association (KBA) has launched a new inter-bank application that will see Kenyans transfer ...

Mobile banking lifts Kenya’s Co-op Bank profit to Sh7.4bn

by Alex

August 17, 2016

Kenya’s Co-operative Bank has announced an 18.7 percent growth in profit after tax to Sh7.4 billion from Sh6.24 billion helped ...

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Tag: Co-operative Bank

Boost for businesses as Co-op Bank kicks off SMEs campaign

NSE dips as 2018 ends on a bear market territory

DTB joins big boys with Ksh5.2 billion profit in Q3

Barclays Kenya profit up 2.1% to Ksh5.44 billion, mulls name change to Absa

KCB retains top position as most attractive bank in Kenya

Fanisi Capital courts another International School in quest to raise Sh5 billion

Kenya’s biggest bank by assets KCB, 4 others caught in NYS billions scam whirlwind

Co-op Bank profit dips 10% on lower interest earnings

Kenya’s Bankers Association launch inter- bank transfer platform

Mobile banking lifts Kenya’s Co-op Bank profit to Sh7.4bn

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