Stanbic Bank Stories
The latest Stanbic Bank's Purchasing Managers’ Index (PMI), which gauges the level of private sector activities, rose to 51.9 during the month, from 4...
Only six institutions: Citibank N.A. Kenya, Absa Bank Kenya, Credit Bank, Standard Chartered Bank Kenya, Stanbic Bank Kenya and Victoria Commercial Ba...
Looking ahead, businesses showed a greater level of optimism towards future output for the third consecutive month in August, which took overall senti...
The appellate court dismissed Stanbic Bank's appeal, ruling that the lender had indeed breached the standard of care expected of it in issuing the bon...
The negative performance across the sectors is mainly attributed to the rising prices, which contributed to a drop in customer spending and weaker bus...
Job creation also quickened in the period under review, the strongest observed in nearly one year, as firms looked to ease pressure on workloads.
The country ranks after South Africa, Namibia, Mozambique, Tanzania and Nigeria. However, it has outperformed Ghana, Zambia, Uganda and Angola.
The decline in business activities coincided with the renewed drop in new business intakes.
Selling charges also rose at a subdued pace, despite some reports of price discounting.
They emphasised that while banks can have discretion over interest rate changes within mutually agreed contracts, this discretion is neither absolute...
