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Vehicles, houses top Sh263 million Stanbic Bank asset auctions

Vehicles, houses top Sh263 million Stanbic Bank asset auctions
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Stanbic bank shStanbic bank

State-owned National Oil Corporation seeks Sh13 billion capital to stay afloat

The National Oil Corporation of Kenya (Nock) faces closure if the government does not inject new funding.

Andrew kamauLeparan morintatHead of public serviceBank shNational oil corporation of kenya nockStanbic bank shNational assembly energy committeeStanbic bankNational oil corporationChief executive leparan morintatNational assemblyEnergy committeeMining principal secretary andrew kamauPublic service

National Oil seeks Sh13bn bailout as loss seen rising

The National Oil Corporation of Kenya (Nock) is pushing for a Sh13 billion bailout from the National Treasury to pay bank loans and meet operating costs.

Andrew kamauGroup shNational assembly committee on energyNational oil corporation of kenya nockNational oilStanbic bank shPetroleum principalMinistry of petroleumNational treasuryGideon morintatNational oil corporationRift valleyNational assembly committeePetroleum principal secretary andrew kamauNational oil bailoutFuel prices

Kenya Power adds more loans with NCBA s Sh6 8bn

The Nairobi Securities Exchange-listed bank provided the 12-year loan on October 9, 2020.

Nairobi areaStandard chartered plcRand merchant bankCentral bank rateStanbic bank shBank kenyaEquity bankKenya powerNairobi securities exchange listedMerchant bankStanbic bankNcba bank kenyaNairobi securities exchange

Houses, trucks top Stanbic s Sh294m seizures of assets

Houses, trucks top Stanbic’s Sh294m seizures of assets Friday May 07 2021 By PATRICK ALUSHULA Summary The total value of repossessed assets in the financial year ended December was a fall from Sh312.3 million in the previous period as loan restructurings softened the increased debt distress in the coronavirus environment. The value of seized residential properties more than doubled from Sh50 million to Sh120 million in the financial year ended December, showing that more customers struggled to service their mortgages. Residential houses, saloon vehicles, prime movers and trucks topped the list of Stanbic Bank’s Sh294 million asset seizures from individuals and firms that struggled with loan repayments following Covid-19 economic fallout.

Charles mudiwaStanbic bank kenyaStanbic bank shStanbic bankBank kenyaBusiness dailyசார்லஸ் முதிவாஸ்டான்பிக் வங்கி கேந்யஸ்டான்பிக் வங்கி ஷஸ்டான்பிக் வங்கிவங்கி கேந்யவணிக தினசரி