Commenting on KCB Bank Kenya, Moody’s said the bank has high exposures to the sovereign through its holding of government securities, standing at around 2.5 times its tangible common equity (TCE) as of March 2024. TCE is a measure of a company’s capital, which is used to evalu...
Equity Bank Kenya #ticker:EQTY has secured $50 million (Sh5.48 billion) from the Dutch Development Bank (FMO) for onward lending to small and medium-sized firms hit by the Covid-19 pandemic. While announcing the long-term funding, whose interest rate was not disclosed, FMO ...
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Equity Bank has extended repayment periods on a third of its loan book by three years to cushion customers hard hit by the coronavirus pandemic.
"AFD Group is delighted to work once again with Equity Bank, whose dedication to SMEs in Kenya make it an important partner of the French initiative Choose Africa," said AFD group’s CEO Remy Rioux on the latest loan deal. Private sector credit grew 8.3 percent in the year to August, co...
Equity Bank Kenya has lost a Sh1.16 billion tax dispute arising from various fees earned by the lender between 2013 and 2016.
Equity’s model had shown that up to 45 per cent or Sh204.24 billion of its loan book was at risk of suffering from the Covid-19 economic hardships since Kenya reported the first case mid-March. Mr Mwangi told theBusiness Dailythat customers have so far applied for restructuring on about...
KCB acquired NBK through a share swap in which it issued 147.3 million shares currently valued at Sh6.5 billion to the target investors. KCB Group #ticker:KCB has converted a Sh3.45 billion long-term loan it had given to National Bank of Kenya (NBK) last year into equity, h...
Depositors take hard-earned savings to a licensed bank believing that, because it is supervised by the Central Bank of Kenya (CBK), the money is safe.