Search

Banking

The KCB Group posts Sh16.5 Bn Profits as Stanchart Declines By 13.5 Percent

2 min Read Time

Kenya’s banking sector presented a mixed financial performance in the first quarter of 2025, with KCB Group maintaining steady profitability, while Standard Chartered Bank Kenya experienced a notable decline. KCB Group, led by Paul Russo, reported a profit after tax of Sh16.53 billion for Q1 2025, marginally up from Sh16.48 billion in the same period last year. The group’s total revenue increased b.......

This Article is Locked!

Experience exclusive content for free! We’re unlocking all features for new members, but this access won’t last forever. Don’t miss your chance—secure your spot now!



Related Articles

Read article
NCBA Bank Fined a Paltry Sh250,000 Over Customer Data Breach
Banking

NCBA Bank Fined a Paltry Sh250,000 Over Customer Data Breach

NCBA Bank has been slapped with a Sh250,000 fine by the Office of the Data Protection Commissioner (ODPC) for violating Kenya’s data privacy laws after...

Read article
Kenya’s Agriculture Sector Shakes Up Tea Trade as Floriculture Wilts Under EU Pressure
Banking

Kenya’s Agriculture Sector Shakes Up Tea Trade as Floriculture Wilts Under EU Pressure

NAIROBI, May 5, 2025 — Kenya’s agriculture sector is undergoing a major transformation as the government moves to empower tea producers and brace for challenges...

Read article
Mobius Rescued: The Middle Eastern Investor Betting Big on Kenya’s Car Industry
Banking

Mobius Rescued: The Middle Eastern Investor Betting Big on Kenya’s Car Industry

Kenya’s struggling car manufacturer, Mobius Motors, has been salvaged from the brink of collapse. The company, which was staring down financial ruin, has been scooped...

Read article
Co-op Bank CEO Muriuki Earns Record Ksh475M as Bank Delivers Robust 2024 Performance
Banking

Co-op Bank CEO Muriuki Earns Record Ksh475M as Bank Delivers Robust 2024 Performance

Gideon Muriuki, CEO of Co-operative Bank of Kenya, took home a record Ksh475 million ($3.65 million) in total compensation for the financial year 2024, firmly...

Read article
Kenya’s Business Pulse: Fiscal Reforms, Steel Relief, and Kenya Airways Profit Surge
Banking

Kenya’s Business Pulse: Fiscal Reforms, Steel Relief, and Kenya Airways Profit Surge

Kenya’s economic landscape is buzzing with high-stakes reforms and landmark wins as the government sharpens its fiscal discipline and key industries post long-awaited recoveries. In...

Read article
Sweet Deal as Government Raises Sugarcane Prices by a Minimum of Sh200 Per Tonne
Banking

Sweet Deal as Government Raises Sugarcane Prices by a Minimum of Sh200 Per Tonne

Kenya’s sugarcane farmers have scored a long-overdue win after the government raised the minimum price of sugarcane by Sh200 to Sh5,500 per tonne — a...