Category: NCBA
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NCBA cuts lending rates as pressure mounts on banks
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NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya’s (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However,…
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NCBA overtakes KCB, Equity in high value accounts
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NCBA Bank Kenya has outperformed its major competitors, including KCB Bank Kenya and Equity Bank Kenya, to hold the largest number of high-value accounts with deposits of over Sh100,000 at the end of December. The latest banking supervisory report showed that NCBA’s high net worth accounts more than doubled to…
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NCBA overtakes KCB, Equity in high value accounts
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NCBA Bank Kenya has outperformed its major competitors, including KCB Bank Kenya and Equity Bank Kenya, to hold the largest number of high-value accounts with deposits of over Sh100,000 at the end of December. The latest banking supervisory report showed that NCBA’s high net worth accounts more than doubled to…
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NCBA completes buyout of AIG Kenya Insurance
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NCBA Group has announced the completion of the acquisition of 66.67 percent of AIG Kenya Insurance Company to take full ownership of the company. The lender said it has obtained all necessary approvals from the Kenya Competition Commission, the Insurance Regulatory Authority and the Central Bank of Kenya. The insurance…