Topic : National Bank of Kenya

Topic: National Bank of Kenya

Bounce Back

NBK records 142 per cent increase in post-tax profit to Sh1.2 billion in Q3 2024

Nov 21, 2024 at 10:41 PM

The National Bank of Kenya (NBK) has achieved remarkable financial success, reporting a Sh1.2 billion profit after tax for the third quarter of 2024....

Acquisition Approved

CAK approval of Access Bank buyout of NBK guarantees retention of workforce

Oct 31, 2024 at 09:59 AM

The Competition Authority of Kenya (CAK) has conditionally approved Access Bank PLC's acquisition of the entire issued share capital of the National Bank of Kenya Limited (NBK)....

Sharp Turnaround

NBK sees Sh839 million profit surge despite 14 per cent dip in customer deposits

Aug 22, 2024 at 07:41 PM

Despite returning to profitability in the first half of 2024, the National Bank of Kenya (NBK) faced a notable 14 per cent decline in customer deposits, which closed at Sh102 billi...

Profit Surge

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....

Auction Approval

Court clears path for Nairobi Upper Hill Hotel auction in fierce legal row

Jul 22, 2024 at 04:27 PM

National Bank of Kenya has secured a court order paving the way for the auction of the Nairobi Upper Hill Hotel....

Profit Surge

NBK posts Sh535 million gross profit in Q1 2024 as operating income grows

May 27, 2024 at 10:04 AM

National Bank of Kenya (NBK) has reported a pre-tax profit of Sh535 million for the first quarter of 2024, marking a significant 217 per cent increase from the Sh169 million record...

Collosal Losses

NBK posts Sh2.97 billion post tax loss in Q3 2023 due to Basil Criticos case payout

Nov 24, 2023 at 10:15 AM

National Bank of Kenya (NBK) has posted a colossal Sh2.97 billion in loss after tax for the period ending September 30, 2023, which represents a 436 per cent decline over the same ...

Steady Growth

KCB posts Sh16.1 billion in net profit in first half-year 2023 amid tough economy

Aug 23, 2023 at 03:40 PM

KCB Group PLC, one of East Africa's leading financial institutions, has marked an impressive milestone in the first half of the year, ending June 30, 2023, after reporting a remark...

Raking Profits

NBK records Sh828 million in post-tax profit as it grew its operating income

Mar 16, 2023 at 02:45 PM

In the period under review, NBK increased its net interest income by 10 per cent to Sh9.1 billion and this was majorly attributed to higher lending by the financial institution....

Viable Channels

NHIF releases 6 exclusive channels for members to remit their contributions

Oct 07, 2022 at 01:52 PM

The National Health Insurance Fund (NHIF) has issued a notice outlining the only platforms through which its members will remit their contributions....

Profit Decline

NBK posts Sh36 million decline in half-year profit after tax amid income growth

Aug 24, 2022 at 09:18 PM

Net loans and advances rose by 14 per cent to Sh69 billion as customer deposits grew by 13 per cent....

New Partnership

Kodris Africa, NBK partner to enhance payment for new coding programme

Jun 27, 2022 at 07:46 PM

National Bank of Kenya (NBK) and Kodris Africa have partnered to roll out a payment platform for the recently launched programme for teaching coding in Kenyan primary and secondary...

New MD

Peter Kioko appointed NBK acting MD

Jun 13, 2022 at 04:39 PM

The Board of National Bank of Kenya (NBK) has announced the appointment of Peter Kioko as the acting Managing Director with effect from June 10, 2022....

Trade Enabler

NBK signs trade pact with Dubuy to unlock global markets for Kenyan MSMEs

Nov 12, 2021 at 02:10 AM

National Bank of Kenya (NBK) has signed a trade partnership deal with leading global logistics provider DP World to offer e-commerce services to Kenyan traders....

NBK Thrives