Sidian Bank’s net profit increased by 28.9 percent to Sh1.21 billion in the six months ending June 30, 2026, driven by stronger returns from lending, mortgages and investments in government securities. The lender’s net interest income more than doubled, rising 123.1 percent to Sh3.64 billion during the period, compared with …
Read More »KCB Raises Interim Dividend by 50% to Sh3 as Profits Rise
KCB Group has increased its interim dividend by 50 percent to Sh3 per share for the six months ended June 2026, following a strong improvement in its financial performance. The lender will distribute a total of Sh9.64 billion to shareholders, compared with the Sh2 per share paid during the corresponding …
Read More »Nedbank Makes Offer to Acquire 66% of NCBA Group
South African lender Nedbank Group has submitted a tender offer to purchase approximately 66 percent of NCBA Group’s ordinary shares, which would give Nedbank a controlling interest in the Kenyan financial services company if the deal goes through. The remaining 34 percent of NCBA shares would continue to be traded …
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The Lower Eastern Times Opening The Third Eye