NAIROBI, Kenya — Equity Group Holdings PLC has once again showcased its resilience and adaptive ability in the face of the ongoing global recession. The bank reported impressive first quarter results for 2023, with significant growth across its various financial...
Top executives in the banking industry in Kenya are seeing an increase in their pay, with Equity Group CEO James Mwangi and NCBA Group CEO John Gachora earning a combined Sh362.37 million last year in salary and bonuses. This news comes after double-digit growth in...
Kenya’s banking sector has witnessed multiple bank collapses, with the most recent being Charterhouse Bank Limited in 2021, officially liquidated by the Central Bank of Kenya. Other notable failures include Chase Bank in 2016 and Imperial Bank in 2015, highlighting issues like liquidity challenges and regulatory breaches. Explore the full timeline and factors contributing to these collapses in our comprehensive guide.
Are you one of those people still struggling to queue at the bank in order to make a deposit? If you are, you need to put a stop to that immediately. Ever since Safaricom launched the M-pesa Paybill service, it is no longer necessary to waste your valuable time in...
SWIFT is the acronym for Society for Worldwide Interbank Financial Telecommunication. The SWIFT network enables banks globally to send and receive information on financial transactions in a secure and reliable environment. SWIFT codes are used to transfer money...
The following is a list of M-Pesa PayBill numbers for Kenyan banks, microfinance institutions, and saccos. This page is regularly updated. 1 ABC Bank 111777 2 Bank of Africa 972900 3 Barclays Bank K LTD 303030 4 CFC Stanbic 600100 5 Chase Bank 552800 6 Citibank N.A...