Banks, saccos and micro-finance lenders now face a fine of Sh2 million for every defaulter they deny loans to for being listed negatively with the country’s credit reference bureaus (CRBs). READ MORE..

Domestic investors shunned the Ksh30 billion 5-year bond re-issued last week for budgetary support. The bond received bids amounting to Ksh20.5 billion translating to a 68% subscription. However, CBK accepted Ksh.8.9 billion from domestic investors. READ MORE..

Co-operative Bank Group has posted KSh 3.59 billion net profit in the first three months of 2020. This is compared to KSh 3.6 billion at the end of March 2019.

These financial results reflect the heavy strain commercial banks are undergoing as customers struggle to meet their loan repayment obligations due to the disruptions caused by the COVID19 pandemic. READ MORE..