(NAIROBI, KENYA) – Faulu Microfinance Bank has received an additional KES 1.2 billion capital injection from its parent company Old Mutual Group as the Kenyan lender prepares to launch a new core banking system and expand lending to small businesses. The investment is worth approximately $7.7 million or £6.1 millionContinue Reading
(NAIROBI, KENYA) – Businesswoman Mary Wambui Mungai has failed in her attempt to remove the administrator appointed by Equity Bank to run her Glee Hotel Limited. The hotel owes the bank more than KES 7.75 billion, equal to about 47.8 million US dollars or 37.6 million British pounds. The HighContinue Reading
(NAIROBI, KENYA) – Co-operative Bank of Kenya has posted a 28 percent growth in net profit to KES 18.02 billion in the first half of the year ended June 2026. The growth was driven by increased interest and non-interest income. The profit figure is equal to $139 million or £109Continue Reading
(NAIROBI, KENYA) – KCB Group has raised its interim dividend by 50 percent to KES 3 per share after reporting a 14.2 percent growth in net profit for the half year ended June. The regional lender posted a net profit of KES 36 billion, up from KES 31.5 billion recordedContinue Reading
(KYIV, UKRAINE) – Ukrainian banks will begin introducing new monthly transfer limits for certain individual entrepreneurs and companies from 14 August, under an updated memorandum designed to close channels used for tax evasion and money laundering. The restrictions will apply in two phases, with the second stage taking effect fromContinue Reading
(KYIV, UKRAINE) – The Deposit Guarantee Fund of Ukraine has transferred more than UAH 46 billion to the state budget. At the same time, the state has missed out on over UAH 1.7 billion because of actions taken by former owners of Ukrinbank, a commercial lender now in liquidation. TheContinue Reading
(KYIV, UKRAINE) – The National Bank of Ukraine introduced a large package of currency restriction relaxations from 11 August 2026, with the main focus on supporting households alongside important changes for businesses and the financial sector. The regulator said the measures do not create risks for exchange rate stability, givenContinue Reading
(KYIV, UKRAINE) – State owned PrivatBank has announced the launch of a subscription service for the Ukrainian market, offering customers access to special prices and benefits from both the bank and its partners. The product, called PrivatPidpyska, is currently in closed beta testing and will become available to all customersContinue Reading
(KYIV, UKRAINE) – The National Bank of Ukraine has set a weaker official exchange rate for the hryvnia against both the US dollar and the euro for Tuesday, 11 August. The dollar rose by 8 kopiyok to 44.83 Ukrainian hryvnia, while the euro gained 17 kopiyok to 51.78 hryvnia. AtContinue Reading
(NAIROBI, KENYA) – A single shareholder now controls a 17.48 percent stake in Middle East Bank Kenya, regulatory filings show, placing the investor at the centre of strategic decisions at the Nairobi based lender. The holding makes the individual the largest investor in a bank originally founded by a DubaiContinue Reading
