Banks have been looking to grow their non-interest income streams through digital channels.
By
Charles Mwaniki
Business Reporter
Nation Media Group
South Africa’s multinational Absa Group is putting pressure on its Kenyan unit to raise more income from non-lending activities in order to reduce the impact of falling interest rates on earnings.
Absa becomes the second major listed lender to report lower earnings after Standard Chartered Bank Kenya’s net income declined…
Absa on Friday announced it intends to up its stake in Kenyan subsidiary Absa Bank Kenya to 85% from 68.5% in a R4bn transaction…
Absa’s $238 million move to increase its stake in Absa Bank Kenya highlights growing competition among African banking giants…
South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South African banking…
The proposed offer price comes after Absa Bank Kenya’s share price had rallied to hit an all-time high of Sh33 before easing to…
Absa plans to dominate corporate and investment banking on the continent after poaching Standard Bank staff
