Commercial banks in Kenya will begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR). This follows the launch of the “Credit Calculator Online” website and mobile application that were developed by Kenya Bankers Association (KBA) in conjunction with the
Leading Kenyan telecom Safaricom and Kenya Commercial Bank (KCB) have formed a strategic partnership, with the first project a one-stop integrated solution that will cater to the needs of small and medium enterprises (SMEs) in Kenya. Biashara Smart is a set of communications and financing products, capacity building initiatives and reward programmes aimed at connecting,
Members of the Kenya Bankers Association (KBA), the banking industry umbrella body, appointed their Governing Council during the KBA 52nd Annual General Meeting that was held on 26 June 2014. The new Governing Council will serve for a period of 12 months under the chairmanship of Joshua Oigara of Kenya Commercial Bank (KCB), and vice
Kenya Commercial Bank (KCB) has declared plans to follow rival Equity Bank into the telecoms market after announcing a first quarter profit increase of 28.6 per cent. It was reported last month that Equity Bank was one of three firms to have been granted mobile virtual network operator (MVNO) licences by the Communications Commission of
KCB Bank Group has today made a key milestone in its technology-driven innovation targeting the unbanked population by launching a new product dubbed KCB M-Benki, the first in Kenya and the region. KCB M-Benki, will be accessed through the phone, and it allows any individual to easily open a bank account through the KCB Mobi
