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1d
AllAfrica.com
Deal on Chase Bank Runs Into Shareholder Wallleaving the depositors and shareholders at the mercy of borrowers who have sinc
AllAfrica.com / Posted yesterday
leaving the depositors and shareholders at the mercy of borrowers who have since gone underground. According to the CBK, SBM would buy only good loans and an equivalent value of deposits from Chase Bank, but not the entire business. If... Read more
1d
AllAfrica.com
SA Hotel Chain's Sh384 Million Locked in Chase Bankre-opened on April 27, 2016 under the management of the Kenya Deposit Insurance
AllAfrica.com / Posted yesterday
re-opened on April 27, 2016 under the management of the Kenya Deposit Insurance Corporation. The Central Bank of Kenya (CBK) recently announced that Mauritius' SBM Holdings has made an offer to acquire the lender, raising hopes that depositors... Read more
5d
AllAfrica.com
Remittances Grow 9.26% to Sh17 Billion in August9.26 per cent in August this year compared with a month earlier. Monthly data
AllAfrica.com / Posted 5 days ago
9.26 per cent in August this year compared with a month earlier. Monthly data released by the Central Bank of Kenya (CBK) shows that diaspora remittances reached $166.4 million (about Sh17.18 billion) in August compared with $152.3 million... Read more
5d
AllAfrica.com
Mauritian Lender Seeks More Buyoutsrunning for Kenya's Chase and Imperial Banks, which are on auction after being
AllAfrica.com / Posted 5 days ago
running for Kenya's Chase and Imperial Banks, which are on auction after being put in receivership. In March this year, CBK and the Kenya Deposit Insurance Corporation (KDIC) extended the receivership period of Chase Bank by six months up to... Read more
7d
AllAfrica.com
Job Losses Loom in Chase Bank Takeoverlooming takeover of Chase Bank is coming with possible loss of scores of jobs,
AllAfrica.com / Posted 7 days ago
looming takeover of Chase Bank is coming with possible loss of scores of jobs, according to a Central Bank of Kenya (CBK) statement issued Monday. The proposed transaction will lead to "a transfer of a substantial number of staff and... Read more
7d
AllAfrica.com
Why Kenya'sU.S. $40 Billion Debt is Worrying Observers60 per cent mark by June 2018," said Moody's. Currently the debt position is K
AllAfrica.com / Posted 7 days ago
60 per cent mark by June 2018," said Moody's. Currently the debt position is Ksh4 trillion ($40 billion) as per data from CBK which is more than double what the Jubilee administration inherited, Ksh1.7 trillion ($17 billion) in 2013. The... Read more
7d
AllAfrica.com
Based Sbm Holdings Makes Offer for Chase BankSBM Holdings Limited has made an offer for Chase Bank Kenya subject to regulato
AllAfrica.com / Posted 7 days ago
SBM Holdings Limited has made an offer for Chase Bank Kenya subject to regulatory approvals. The Central Bank of Kenya (CBK) says it has received a non-binding offer from SBM Holdings Limited which is a viable proposal for the substantial... Read more
8d
AllAfrica.com
Governors Plan Legal Action Over Delayed County Cashregularly received their cash depending on the balance of their money held in t
AllAfrica.com / Posted 8 days ago
regularly received their cash depending on the balance of their money held in the account at the Central Bank of Kenya (CBK). "Any county that has a balance lower than Sh300 million at the CBK has been receiving its share of revenue. We shall... Read more
11d
AllAfrica.com
No Respite in Sight for Chase Bank Customersfate of their funds after a depositor applied for an extension of the lender's
AllAfrica.com / Posted 11 days ago
fate of their funds after a depositor applied for an extension of the lender's receivership. The Central Bank of Kenya (CBK) says the lender's receivership, which was due to come to an end tomorrow (Saturday, October 7), would be frozen pending... Read more
12d
AllAfrica.com
Central Bank to Review Credit Rating System Over 'Unfair Blacklisting'bureaus are only concentrating on blacklisting of defaulters. The licensing of
AllAfrica.com / Posted 12 days ago
bureaus are only concentrating on blacklisting of defaulters. The licensing of credit reference bureaus (CRBs) by the CBK was expected to herald a regime in which customers would be given credit based on their repayment history. However,... Read more
13d
AllAfrica.com
Banks Face Lower Returns With New Rule on Bad Loansholding Ksh11 billion ($110 million) as statutory reserve, meaning the introduc
AllAfrica.com / Posted 13 days ago
holding Ksh11 billion ($110 million) as statutory reserve, meaning the introduction of IFRS 9 -- which is tighter than the CBK prudential guidelines -- may wipe out these reserves before shaving off its retained earnings. "It is better if you have... Read more
13d
AllAfrica.com
Digital Financial Products Re-Define Service Deliverycreation of goods and employment. There are about 13 microfinance banks, which
AllAfrica.com / Posted 13 days ago
creation of goods and employment. There are about 13 microfinance banks, which are licensed by the Central Bank of Kenya (CBK). Considering the trends of mobile phone penetration in Kenya, the market is expecting more exciting products to hit the... Read more
16d
Gulf News
Strong banking sector to support credit growthof above 200 per cent, while banks continue to be highly profitable.Unlike cent
Gulf News / Posted 16 days ago
of above 200 per cent, while banks continue to be highly profitable.Unlike central banks in other GCC countries, the CBK kept its policy rate at 2.75 per cent despite the Fed’s hike of 25 basis points (bps) in June of this year. The Kuwaiti... Read more
19d
AllAfrica.com
Regional Currencies Set to Remain Stablewith the same period last year. Dr Njoroge said that to keep the Kenyan shilli
AllAfrica.com / Posted 19 days ago
with the same period last year. Dr Njoroge said that to keep the Kenyan shilling stable over the election period the CBK bought foreign currency. Efforts to maintain stability of the shilling led to the Central Bank using forex reserves of... Read more
21d
AllAfrica.com
Imperial Bank Depositors Want CBK Held Liable for Collapseof Kenya with a list of demands they want to be met in a bid to recover money l
AllAfrica.com / Posted 21 days ago
of Kenya with a list of demands they want to be met in a bid to recover money lost after the bank's 2015 closure by the CBK. MMC Africa Law which is instituting a class action on behalf of Imperial Bank depositors says their clients want CBK... Read more
25d
AllAfrica.com
Lenders Face Fresh Pressure Over Creditto make provisions at the point of booking the loans was not sustainable with a
AllAfrica.com / Posted 25 days ago
to make provisions at the point of booking the loans was not sustainable with a margin of seven per cent. According to CBK data, growth of credit to the private sector fell to 2.1 per cent over the 12 months to May 2017, blamed on the rate caps... Read more
26d
AllAfrica.com
CBK Vague on Roll Out of the New CurrencyThe Central Bank of Kenya (CBK) remains unclear on when it will roll out the ne
AllAfrica.com / Posted 26 days ago
The Central Bank of Kenya (CBK) remains unclear on when it will roll out the new-look currency as stipulated in law amid mounting legal concerns on the delay. CBK governor Patrick Njoroge on Tuesday did not explain the delay nor provide time-lines... Read more
27d
AllAfrica.com
CBK Optimistic About Economy Despite Repeat Election Jittersdevelopment will help cushion the economy against knocks of prolonged electione
AllAfrica.com / Posted 27 days ago
development will help cushion the economy against knocks of prolonged electioneering, the Central Bank of Kenya (CBK) has projected. CBK Governor Patrick Njoroge said the economy will grow at 4.7 per cent as recorded in the first quarter... Read more
28d
AllAfrica.com
CBK Monetary Policy Committee Leaves Interest Rates Unchangedinflation expectations even as the regulator continues to closely monitor devel
AllAfrica.com / Posted 28 days ago
inflation expectations even as the regulator continues to closely monitor developments in the global and domestic economy. CBK Governor Dr. Patrick Njoroge has said the committee has welcomed the preliminary results of the studies on the slowdown... Read more
m
AllAfrica.com
Co-Op Bank Picks New Board ChairMurugu last served as the director, debt management at the Treasury. He had pre
AllAfrica.com / Posted 1 months ago
Murugu last served as the director, debt management at the Treasury. He had previously worked at the Central Bank of Kenya (CBK) as the Director for Bank Supervision. He holds a Bachelor of Education degree and Master of Arts in Economics and has... Read more
2 related articles
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AllAfrica.com
Long-Serving Co-Op Bank Chairman Exitsindependent director on May 27, 2015. He owns a 0.03 per cent (1,579,200) stake
AllAfrica.com / Posted 1 months ago
independent director on May 27, 2015. He owns a 0.03 per cent (1,579,200) stake in the bank. Mr Murugu, 66, served at the CBK for more than 25 years rising through the ranks to head the bank supervision's unit as the director. He was later... Read more
2 related articles
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AllAfrica.com
Kenya's Central Bank Sets Stage for Repeal of Interest Rate CapsThe Central Bank of Kenya (CBK) Wednesday gave the clearest signal that it inte
AllAfrica.com / Posted 1 months ago
The Central Bank of Kenya (CBK) Wednesday gave the clearest signal that it intends to push for a repeal of the year-old law capping interest rates because of the negative effect it has had on the economy. CBK governor Patrick Njoroge, however,... Read more

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