Cbk Demand For Credit

CBK Report on Commercial Banks’ Credit for Period Ended June 30, 2023

1.0 Commercial Banks’ Credit Officer Survey The latest survey by the Central Bank of Kenya (CBK) aimed to gauge the lending behavior within the banking sector across all eleven economic sectors. Queries revolved around credit demands, loan approval standards, non-performing loans, credit recovery efforts, and the implementation of International Financial Reporting Standards (IFRS) 9 on…

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African Climate Summit Financing

Sneak-Peak Into Multi-Billion Dollar goodies at the Nairobi Climate Summit

In a groundbreaking development, Kenya and several other African nations have successfully secured climate-related financing deals, amounting to a staggering $23 billion (Sh3.36 trillion), during the inaugural climate summit held in Nairobi. These substantial investments are set to bolster Africa’s green initiatives significantly. President William Ruto expressed his satisfaction with the three-day Africa Climate Summit,…

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Equity Bank Loans Rates Shields Old Loans

Equity Bank Shields Long-Time Borrowers from Soaring Interest Rates

In the ever-evolving landscape of financial markets, Equity Group, under the astute leadership of Managing Director and CEO Dr. James Mwangi, has unveiled a strategic move that distinguishes it from its peers in Kenya’s banking sector. Amidst the transition to a comprehensive risk-based pricing system, Equity Bank has taken a unique stance by preserving the…

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Loans Credit Rating In Kenya

Demystifying Loans and Credit Ratings in Kenya: A Comprehensive Guide

In today’s fast-paced world, financial flexibility is a crucial aspect of achieving one’s dreams and ambitions. Whether you’re considering starting a business, purchasing a home, or even covering unexpected expenses, understanding loans and credit ratings in Kenya is paramount. In this comprehensive guide, we will unravel the complexities of the Kenyan financial landscape, offering you…

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Chirchir

Kenya’s Fuel Storage: KPC’s Vision for Energy Security

In a strategic move to bolster Kenya’s energy security, the Kenya Pipeline Company (KPC) is setting its sights on repurposing refinery tanks for an impressive fuel storage expansion. This transformative initiative, spearheaded by Energy and Petroleum Cabinet Secretary Davies Chirchir, is poised to reshape Kenya’s role in the regional energy landscape. Fueling a Competitive Edge…

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Stanchart Offshore Inestment

Unlocking Investment Opportunities: Standard Chartered Bank Kenya’s Offshore Unit Trust Funds

Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore unit trust fund investments. This initiative opens up a gateway for retail investors to tap into the dynamic US, European, and Asian equities and bonds markets. Expanding Investment Horizons with Signature CIO Funds These innovative investment opportunities, known as the…

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