Category: BANKS
NCBA Bank To Auction Mombasa Firm Over Ksh.236 Million Debt
NCBA Bank seeks to action prominent transport and logistics company, Mombasa-based Shiva Carriers Ltd, Jagged Alliance Ltd and directors Deepak Madan and Raveej Deepak an over a KSh. 246 million debt. This after the company failed to appear or file a defense in its petition seeking to repossess the property. The action is to be…
Equity Gets Nod To Merge With 2 Banks In DRC
Equity Group that runs Equity bank has received regulatory approval to merge the newly acquired Banque Commerciale Du Congo (BCDC) with the unit it has been operating in the market since 2015. According to the bank, it received the go-ahead from the Central Bank of Congo and will now continue with its plans to merge…
I&M Holdings Ranked As The Most Attractive Listed Bank
I&M Holdings has been ranked as the most attractive listed bank according to Cytonn Investment’s third-quarter 2020 report, called the Kenya listed banking report. The report that was released today, ranks I&M Holdings as the most attractive bank in Kenya, supported by a strong franchise value and intrinsic value score. The franchise score measures the…
How To Send Money From Mpesa To Equity Bank
This is how to send money from Mpesa to Equity Bank. Moreover, the good news about it is that you can do it anywhere at any time. Sometimes you just want to reduce the amount of money in your Mpesa and keep it in the safety of your bank. You can easily transfer the money…
KCB Plans To Buy Rwanda and Tanzania Banks In Ksh.4.4 Billion Deal
KCB Group plans to acquire two banks in Tanzania and Rwanda and pay Ksh. Sh4.39 billion in a bid to deepen its presence in East Africa. The biggest bank in Kenya by asset base announced that it will acquire a 100 percent stake in African Banking Corporation Tanzania Limited (BancABC) and a 62.06 percent stake…
Co-operative Bank To Expand Market In 5-Year Plan
Co-operative Bank has launched a five-year strategic plan that will see it expand its footing and market size in Kenya. This is one of its latest strategic business development plans that have seen the bank regain its top position as one of Kenya’s most formidable and profitable banks. Chief executive officer Dr. Gideon Muriuki said…
Pegasus Technologies Hack Sees MTN, Airtel and Stanbic Loss Ksh. 40 Millions
Pegasus Technologies, a company that deals with money transfer transactions in Uganda has been hacked. Reports reaching ShopaXo say that the hack began on Thursday, 1st of October 2020, and apparently went unnoticed until Saturday 3rd October 2020. Reports reaching us say that the hackers have made away with billions of money in Ugandan currency…
Equity Bank To Call You A Single Number 0763 000 000
If you are an Equity bank customer, moving forward, the bank will call you from a single number under the Equitel’s main prefix “0763”. All outgoing calls from equity will be from the number 0763 000 000. The announcement was made today after the bank said that all outgoing communication to customers and other external…
Best Banks in Kenya 2020; I&M Holding takes top position.
The I&M Holdings took the top position as the best bank in Kenya for the first quarter of 2020. The Co-operative Bank of Kenya came in second. Compared to the results of the last year, I&M improved from position 2 while Co-operative bank of Kenya improved from position 3. Last year’s top bank, the KCB…
Commercial Banks In Kenya; A Complete Guide
This is a complete list of commercial banks in Kenya. However, before we look at the list, it important to understand how banks are classified. The criteria of classifying banks is by ownership, nature, and the amount of assets that the banks hold. To make you understand better, some banks belong to individuals or local…
Equity Bank Online Banking; All Your Questions Answered.
You can do your Equity Bank online banking from the comfort of your home or office. You can even do your banking as you travel or as you enjoy your holiday. With the penetration of mobile phones and internet, long are the days when people queued in banks to make transactions. Personally, I do not…
Islamic Banking In Kenya; List of Fully Compliant Banks
Today Muslims can benefit from Islamic Banking in Kenya. According to research, Islamic banking has over $2 million in assets globally and growing at a rate of 10% per year. There is also a thriving Islamic capital market with issuances of Shariah-compliant asset-based securities (Sukuk) reaching to $98 billion in 2017. Does Islamic banking in…
What is a bank Code?A List Of Bank Codes In Kenya.
What exactly is a bank Code? I have been writing a lot about bank codes and many of my readers have been asking this very same question. In this article I am going to explain what exactly what a bank code is. Bank codes are of two types: The national ones, which differ from country…
KCB Bank Code; What is Kenya Commercial Bank Code ?
The KCB Bank Code is 01. Off course KCB standing for Kenya Commercial Bank. However, remember that each of its branches has its own code that distinguishes the branch from other branches. Traditionally, each of the KCB branches will have a code that that goes this way 01XXX, where the 01 represents the KCB bank…
Co-operative Bank Swift Code
The Co-operative Bank Swift Code is KCOOKENA and allows you to receive money internationally. Remember, this is for Co-operative bank Kenya. Again get it here once more, that the Co-operative bank Swift Code is KCOOKENA. Off course without the dot you are seeing. I wrote here about the Equity Bank Swift Code. You can go…
What is Equity bank Swift Code and What Is The Use?
The Equity bank swift Code is EQBLKENA If you want to get again, the code is EQBLKENA So what is a bank swift code? A SWIFT code (sometimes also called a SWIFT number) is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions worldwide. It says who and…