Topic: Paul Russo
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KCB pretax profit drops 15 per cent to Sh48.5 billion as operating costs shoot
Mar 20, 2024 at 07:48 PM
KCB Group has posted a 15.5 per cent drop in profit before tax to Sh48.5 billion compared to Sh57.3 billion in 2022, the bank announced in its 2023 full year financial results Wedn...
KCB and MasterCard partner to drive financial inclusion in East Africa
Feb 26, 2024 at 03:23 PM
KCB Bank Kenya and Mastercard have joined forces in a groundbreaking 5-year collaboration aimed at transforming the East African financial landscape....
KCB Group posts Sh30.7 billion net profit in Q3 2023 as its balance sheet expands
Nov 22, 2023 at 08:57 PM
KCB Group PLC, a leading financial institution, has announced an impressive financial performance for the nine months ending 30th September 2023....
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...
KCB East Africa Golf Tour's 8th leg set to tee off at picturesque Nyeri Golf Club
Jul 20, 2023 at 07:33 PM
The highly anticipated 8th leg of the KCB East Africa Golf Tour is set to take place at the picturesque Nyeri Golf Club this coming weekend, bringing together over 100 golfers from...
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KCB Group secures landmark African cross-border payment deal
Jun 23, 2023 at 03:32 PM
KCB Group, one of East Africa's leading financial institutions, has made a significant stride by signing an Africa-wide agreement aimed at streamlining cross-border transactions on...
KCB Group's Quarter 1 profits after tax drop to Sh9.8 billion amid bad debt spike
May 24, 2023 at 05:13 PM
KCB Group on Wednesday announced that its net profit for the first quarter of 2023 dropped to Sh9.8 billion from Sh9.9 billion posted during a similar period last year....
Ababu Namwamba unveils KCB's Sh150 million sponsorship for WRC Safari Rally
May 19, 2023 at 11:26 AM
Sports Cabinet Secretary Ababu Namwamba, accompanied by Sports Principal Secretary Peter Tum unveiled Kenya Commercial Bank (KCB) Group's sponsorship for the highly anticipated Wor...
Humphrey Kariuki among 12 appointed by Ruto to National Investment Council
Dec 02, 2022 at 03:47 PM
Billionaire businessman Humphrey Kariuki is among 12 people who have been appointed by President William Ruto to the National Investment Council for a period of three years....
KCB quarter three net profits increase to Sh30.6 billion on net interest, NFI growth
Nov 16, 2022 at 02:20 PM
Improved performance driven by strong non-funded income growth and higher net interest income as the Board proposes an interim dividend of Sh1.00 a share....
KCB sets aside Sh250 billion to fund women entrepreneurs across Kenya
Oct 29, 2022 at 01:50 PM
KCB Bank Kenya has committed Sh250 billion to fund women entrepreneurs in Kenya in the next five years, in what the bank says will cement its role in fast tracking economic growth....
Safaricom slashes Fuliza interest charges
Sep 28, 2022 at 01:34 PM
Kenyans will now enjoy zero daily maintenance charges for the popular Fuliza overdraft facility for transactions below Sh1,000 in the initial three days of borrowing from October 1...
KCB shareholders give nod to acquisition of DRC’s Trust Merchant Bank SA (TMB)
Sep 22, 2022 at 01:16 PM
Shareholders have given KCB Group a nod to acquire Trust Merchant Bank SA (TMB), based in the Democratic Republic of Congo (DRC) in an Extra Ordinary General Meeting held in Nairob...
IFC in partnership with KCB to enhance access to climate finance in Kenya
Sep 09, 2022 at 12:10 AM
Kenya Commercial Bank (KCB) and IFC have partnered in a move aimed at catalyzing growth of climate finance in Kenya by enhancing support for businesses addressing climate change....
KCB announces Sh19.6 billion in half-year profit after tax as its subsidiaries grow
Aug 24, 2022 at 10:08 PM
KCB Group on Wednesday announced it had earned Sh19.6 billion in half-year profits after tax for the period ending June 30, 2022, which marked a 28.4 per cent increase from 2021....
RUSSO: Financial institutions must champion climate action in Kenya
Jun 17, 2022 at 02:00 PM
The issuance of climate-related risk disclosures guidelines by the Central Bank of Kenya (CBK), gives banks an opportunity to further strengthen the structures and policies that ha...
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....
KCB appoints Paul Russo to replace Joshua Oigara after nine-year shine
May 25, 2022 at 02:51 AM
The KCB Group PLC Board has appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022....
NBK posts Shs1.1 billion 9-month profit after tax in major comeback
Nov 18, 2021 at 12:51 PM
Customer deposits grew to Sh115bn, as net loans and advances rose by 22 per cent to Sh65 billion....
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....
