Business

National Bank of Kenya has posted a profit after tax of KShs.828 million for the financial year ending December 31,...

KCB Group PLC recorded KShs.40.8 billion in profit after tax for the full year ending December 2022 on higher funded and non-funded income streams. This was a 19.5% rise in profitability from KShs.34.2 billion reported in 2021, KCB said on Wednesday during the release of the financials. The profit before tax contribution of other subsidiaries excluding KCB Bank Kenya increased to 17.0% (up from 13.9% in 2021), riding on organic growth and increased scale in the businesses. Key Figures & Indicators Parameter2021FY2022FYChangePATKShs.34.2 billionKShs.40.8 billion19.5%RevenuesKShs.108.6 billionKShs.129.9billion19.6%CostsKShs.47.8 billionKShs.59.4 billion24.1%Total AssetsKShs.1.14 trillionKShs.1.55 trillion36.4%Customer LoansKShs.675 billionKShs.863 billion27.8%Customer DepositsKShs.837 billionKShs.1.135 trillion35.6% Commentary—KCB Group CEO Paul Russo...

Bolt Food, Kenya's leading online delivery platform, has today announced the winner of its Valentine's campaign in partnership with Bonfire...

Diamond Trust Bank (DTB) has today announced a commitment to grow its lending to green projects to a quarter of...

Samsung Electronics has announced a 24-month warranty for select refrigerators and washing machines. The 24-month warranty will go hand in...

WARC Creative 100, the independent global benchmark celebrating marketing’s creative excellence, has been released featuring the most awarded campaigns and companies...

The African Suite at the 2023 Middle East Energy Exhibition and Conference in Dubai played host to the soft launch...

Visa has funded Hand in Hand’s Kenya Micro-Enterprise Success (KMES) programme, which has helped entrepreneurs increase their monthly incomes by...

KCB Group has been named the Best Bank in SME and Sustainable Finance, an award that highlights its continued efforts...

NBK has launched a new initiative to empower women entrepreneurs in the country. Dubbed "Nia" the initiative seeks to provide...