Topic: KCB
How KCB Group transacted Sh1.3 billion through digital banking channels in 2024
Mar 25, 2025 at 08:50 PM
KCB Group has revealed that 99 per cent of all transactions made through the bank in 2024, which totalled Sh1.3 billion, were conducted outside physical branches, underscoring a ra...
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KCB Group acquires 75 per cent stake in former FKF boss Nick Mwendwa’s fintech
Mar 25, 2025 at 02:43 AM
KCB Group has signed a binding deal to acquire a 75 per cent stake in Riverbank Solutions Limited, a financial services technology firm offering payment solutions including mobile ...
How a new strategic partnership is set to transform intra-Africa trade transactions
Mar 18, 2025 at 01:13 PM
In September 2023, Kenya joined the Pan-African Payments and Settlement System (PAPSS), a key step towards boosting intra-African trade under the African Continental Free Trade Are...
KCB RFC now shifts focus to Kenya Cup semi-final after exit from Enterprise Cup
Mar 16, 2025 at 10:08 AM
KCB RFC is turning its attention to the Kenya Cup semi-finals after a narrow 25-21 defeat to Kabras in the Enterprise Cup semi-final at the ASK Showground in Kakamega....
KCB Group net profit grows 64.9 per cent to Sh61.8 billion in 2024, declares dividend
Mar 12, 2025 at 09:41 PM
KCB Group recorded a 64.9 per cent increase in profit after tax for the full year 2024, reaching Sh61.8 billion, up from Sh37.5 billion in the previous year....
Key things to know about PAPSS-KCB cross-border payment system - VIDEO
Mar 05, 2025 at 03:59 PM
KCB Group late last month announced it had integrated the Pan African Payment and Settlement System (PAPSS) in a bid to enable instant payments across African borders....
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KCB Group emerges top in sustainability reporting at the Kenya ESG Awards 2025
Mar 05, 2025 at 12:32 AM
KCB Group was feted for its commitment to Environmental, Social, and Governance (ESG) reporting during the 2nd Edition of the Kenya ESG Awards 2025 held on February 28, 2025....
NCBA, other banks cut lending rates to a four-month low amid pressure from CBK
Feb 14, 2025 at 10:19 AM
Kenyan borrowers are set to benefit from lower interest rates after most commercial banks slashed their lending rates to a four-month low....
Omari drags KCB to court over ‘false’ CRB listing, seeks Sh20 million in damages
Feb 11, 2025 at 07:13 PM
Prominent city lawyer Danstan Omari has dragged Kenya Commercial Bank (KCB) to court, accusing it of wrongly blacklisting him with the Credit Reference Bureau (CRB) over a loan he ...
Labh Singh Harnam Singh placed under administration over Sh1 billion KCB debt
Feb 07, 2025 at 03:23 PM
Labh Singh Harnam Singh (LSHS) Ltd., a long-standing and prominent bus body builder in East Africa, has been placed under administration, throwing the future of the company into un...
Local banks face new VAT charges on auctioned assets following tribunal ruling
Feb 05, 2025 at 05:14 PM
Kenyan banks are now required to charge Value Added Tax (VAT) on assets seized from loan defaulters and sold via auction, following a landmark ruling by the Tax Appeals Tribunal....
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KCB pumps Sh209 million into 2025 WRC Safari Rally, sponsors four Kenyan drivers
Jan 30, 2025 at 02:07 PM
KCB has renewed its sponsorship of the World Rally Championship (WRC) Safari Rally for the fifth consecutive year committing Sh209 million towards organizing the 2025 event....
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Mastercard partners with KCB to launch Kenya’s first multi-currency prepaid card
Jan 23, 2025 at 05:39 PM
Mastercard, in collaboration with KCB Bank Kenya, has launched Kenya’s first multi-currency prepaid card, a groundbreaking solution designed to simplify international transaction...
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Khalif Kairo released on Sh2 million bail after denying fraudulent car sale charges
Jan 14, 2025 at 07:04 PM
Khalif Kairo, a motor vehicle dealer accused of defrauding clients, has been granted a cumulative cash bail of Sh2 million after denying two counts of cheating under section 315 of...
Airtel Money unveils festive lifeline with Paybill 'Rudishiwa Transaction Fee' offer
Dec 06, 2024 at 05:13 PM
Airtel Money customers have been handed a festive season lifeline with the launch of the “Rudishiwa transaction fee” offer....
KCB Group post-tax profits soars by 49 per cent to Sh45.8 billion in Q3 2024
Nov 21, 2024 at 12:58 AM
KCB Group Plc has reported an impressive 49 per cent increase in its profit after tax, reaching Sh45.8 billion for the first nine months of 2024, up from Sh30.7 billion in the same...
Tanzanian giant AMSONS Group secures green light for Bamburi Cement takeover
Nov 14, 2024 at 06:03 PM
Tanzanian conglomerate AMSONS Group has received major regulatory approval to acquire up to 100 per cent of Kenya’s leading cement manufacturer, Bamburi Cement PLC....
Safaricom secures Sh30 billion loan to strengthen its sustainability agenda
Sep 24, 2024 at 12:19 PM
In a bold move to cement its leadership in sustainability, Safaricom has secured a second Sh15 billion Sustainability Linked Loan, doubling its total to an impressive Sh30 billion....
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KCB resumes dividend payouts as it posts 86 per cent profit surge to Sh29.9 billion in H1 2024
Aug 21, 2024 at 08:35 PM
KCB Group Plc has reported an 86 per cent increase in profit after tax for the first half of 2024, reaching Sh29.9 billion, up from Sh16.1 billion the previous year....
Formal credit access eludes majority of Kenyan MSMEs, report reveals
Jun 07, 2024 at 10:12 PM
A recent study by pan-African market insights firm Stears reveals that only 1.1 million out of Kenya's 7.4 million micro, small, and medium enterprises (MSMEs) have access to forma...
