Browsing: Joshua Oigara

• Stanbic Holdings Plc has announced a $91 million after-tax profit for its financial year ended 31 December 2022, a 26 percent increase compared to the previous year. 
• The lender posted a 28 percent revenue growth to close at $320 million in the period under review.
• Shareholders at the Nairobi Securities Exchange (NSE) listed firm will enjoy $49.8 million in dividends.

Stanbic Holdings Plc has announced a $91 million after-tax profit for its financial year ended 31 December 2022 a 26 percent increase compared to the previous year.

Stanbic Kenya and South Sudan’s Chief Executive, Joshua Oigara said the firm’s strategic plan formulated and adopted three years ago continues to facilitate growth and organizational resilience. He noted that the strategic plan founded on digital innovations for service delivery, enhanced consumer experience and increased operating efficiencies had translated to an accelerated balance sheet growth.

“Despite the uncertain and challenging operating environment last …

• KCB Group has reported a 54.6 per cent rise in net profit for the quarter ending in March 2022 to hit KSh 9.9 billion
• The rise from KSh 6.4 billion in a similar period last year was boosted by growth in total income and a reduction in loan loss provision
• The bank’s outgoing CEO Joshua Oigara said the business showed sustained resilience backed by its proactive approach toward driving income growth and managing liquidity

Kenya Commercial Bank (KCB Group) has reported a 54.6 per cent rise in net profit for the quarter ending in March 2022 to hit KSh 9.9 billion.

According to the company, the rise from KSh 6.4 billion in a similar period last year was boosted by growth in total income and a reduction in loan loss provision.

During the period, revenues increased by 26 per cent to KSh 29.0 billion on account of an increase in …

• Kenya Commercial Bank (KCB) Group has committed to building on the successes of Joshua Oigara who has left the group after nine and a half years 
• The group’s Chairperson Andrew Kairu Oigara for his service to the Group since joining in 2011 and said he had led the Group through its fastest growth in a decade
• The revealed that the group’s growth ambition is to become the undisputed regional lender

Kenya Commercial Bank (KCB) Group has said it is committed to becoming the undisputed regional lender amid the exit of its long-serving CEO Joshua Oigara.

The group’s chairperson Andrew Kairu commended Oigara for his service to the Group since joining in 2011 and said he had led the Group through its fastest growth in a decade.

“He has left a solid legacy for the Group across Africa and beyond that is dotted by the transformation of millions of lives, enhanced …

• KCB Group’s net profit reached KShs.25.2 billion riven by higher income and reduced provisions 
• The group’s directors approved an interim dividend of KShs.1.00 for every ordinary share of KShs.1.00 held
• Customer deposits stood at KShs.859 billion, an 11% jump largely due to organic growth in Kenya

Regional banker KCB Group Plc has more than doubled its profit after tax for the nine months ending
September 2021.

The bank’s net profit stood at KShs.25.2 billion from KShs.10.9 billion a year ago, marking a 131% jump, driven by higher income and reduced provisions as recovery from the COVID-19 pandemic accelerated in quarter three.

Commenting on results, the bank’s Group Managing Director and CEO Joshua Oigara said this is the strongest quarter for the company since the COVID-19 pandemic struck 20 months ago, with clear signs of economic recovery across key sectors.

“While we are cautiously optimistic of the prospects, especially due to …