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Absa Bank reports an improved Ksh. 2.4B net profit in Q1 2021 Shares Absa Bank Kenya has reported profit after tax to Ksh. 2.4 billion for the period ending 31 March 2021. This is a 24% increase compared to a similar period last year. Their performance was driven by growth in interest income particularly in the small and medium enterprises segment as the bank continued to support businesses to recover from the impact of COVID-19. “In the period under review, we grew our business with some exciting propositions including the Absa She Business Account through which we have committed to impact over 1 million women owned and led businesses over the next 5 years. This account is tailormade for the needs of the woman entrepreneur and offers access to affordable finance, access to mentorship and coaching, access to information and training, as well as access to trade opportunities within the local and international markets. One of the outstanding offerings under this pr ....
Absa Kenya Q1 profit up 24pc to Sh2.4bn businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Equity Group rachète 7,7% du capital d'Equity Bank Congo à KFW financialafrik.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialafrik.com Daily Mail and Mail on Sunday newspapers.
Banks raise loan interest rates on T-bills increase Monday May 10 2021 By VICTOR JUMA Summary The 91-day T-bill rate breached the seven percent mark on March 8 and has risen to the current high of 7.13 percent, from an average of 6.23 percent in the quarter ended September last year. Average lending rates by banks also rose to 12.02 percent in February from a low of 11.75 percent in September. Increased domestic borrowing is expected to influence lending rates in the short term. A rise in interest rates on short-term treasury bills is prompting banks to start raising their pricing for loans, setting costly credit for homes and businesses in a recovering economy. ....