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East Africa Commercial Bank News is an EIN News Service for banking industry professionals. Constantly updated news and information about East Africa Banking.
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  • Kenya's shilling falls ahead of rate decision 24 Nov 2009 21:54 GMT
    ... due later on Tuesday. At 1034 GMT, commercial banks posted the unit at Sh74.70/80 against the dollar ... weakness, said a trader with one leading commercial bank. "There are two indicators that point towards ... importer requirements expected to rise," Bank of Africa said in a market report. Add a ...

  • Uganda shilling rangebound vs dlr, lacks direction 24 Nov 2009 12:53 GMT
    ... KAMPALA, Nov 24 (Reuters) - Uganda's shilling was unchanged versus ... in a quiet market. At 1130 GMT, commercial banks posted the local unit at 1,869/79 against the ... Kimball; Editing by ??) (For more Reuters Africa coverage and to have your say on ...

  • PREVIEW-Kenyan c.bank rate seen steady at next MPC meet 20 Nov 2009 11:54 GMT
    ... MPC could not afford further cuts because commercial banks have kept their rates high because of high ... Musyoka, an independent analyst. But Razia Khan, Africa economist at the Standard Chartered Bank said ... year of a total 75 basis points. Commercial bank rates have, however, not followed suit. 'The ...

  • Al-Aboodi sees huge potential in Africa 23 Nov 2009 00:31 GMT
    ... KHALED Mohammed Al-Aboodi is a development banker in a ... in an interview, “the presence of Islamic commercial banks is very limited. You may find one Islamic ... Islamic bank in some of the North African countries. In sub-Saharan Africa, there were some ...

  • Uganda's shilling little changed vs dollar 23 Nov 2009 09:37 GMT
    ... KAMPALA, Nov 23 (Reuters) - Uganda's shilling was little changed ... oil importers, dealers said. At 0715, leading commercial banks posted the local unit at 1,870/77 versus the ... Editing by Toby Chopra) (For more Reuters Africa coverage and to have your say on ...

  • Uganda shilling weakens slightly vs dollar 20 Nov 2009 08:56 GMT
    ... KAMPALA, Nov 20 (Reuters) - Uganda's shilling fell slightly versus ... sectors, traders said. At 0800 GMT, leading commercial banks posted the local unit at 1,865/75 against the ... and corporates. But since June, the east African country's currency has gained strength. The local ...

  • Cross-Border Trade Grows But 23 Nov 2009 10:33 GMT
    ... — INCREASING numbers of Ugandans watch South African TV, enjoy South African music and radio, ... banks already in the market include Kenya Commercial Bank (KCB), Equity Bank and Fina Bank. This ... the development bank has failed and the commercial banks are reluctant to grant long-term loans. The flooding ...

  • UTL Donates to Gulu School for Blind 20 Nov 2009 19:53 GMT
    ... has 1029 students, including 60 blind students. Kenya Commercial bank (KCB) last week opened officially its 200th branch ... a Shs24 trillion ($13 billion) business in Africa and South America where the vice is rife. Business ...

  • SMEs Strategise for Better Prices 23 Nov 2009 20:25 GMT
    ... Investors in small and medium enterprises including farmers in the East African Community (EAC) member states should form groups ... of farmers to access loan facilities from commercial banks and services from telecommunication companies than when one ...

  • African Markets - Factors to watch on Nov 16 16 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Monday. - - - - GLOBAL ... Access Bank rise more than 4.95 percent. KENYAN MARKETS Kenya's NSE20 index rose 1.54 percent ... 0.4 percent higher at 1,710.88 points. Mauritius Commercial Bank (MCB) said on Friday its first-quarter profits fell ...

  • China offers Africa expertise, loans and advice 17 Nov 2009 06:10 GMT
    ... BRUSHING off accusations that its investment is denuding Africa of precious natural resources, China has pledged ... development banks. SA has called on Chinese commercial banks to open branches in Africa. On transport issues, ...

  • Kenya shilling steady against the dollar in slow trade 16 Nov 2009 17:35 GMT
    ... At 0915 GMT, commercial banks quoted the local unit at Sh74.65/75, unchanged from ... deputy head of treasury at Bank of Africa. Dealers said the market was otherwise quiet, ...

  • CBK Set to Renew Push for Banks to Lower Lending Rates 18 Nov 2009 00:53 GMT
    ... is set to renew its push for commercial banks to cut their lending rates to reflect the ... does not reduce operating costs," said the Commercial Bank of Africa executive director Mike Bristow. An intensifying battle ...

  • KCB enters into partnership with KenSwitch 18 Nov 2009 04:36 GMT
    ... , Posted: Mon, Nov 16, 2009 Kenya Commercial Bank (KCB) customers will now be able to utilize ... serve card holders in east and central Africa access ATM belonging to Kenswitch members' banks ... KCBs regional presence by accessing services within East Africa. In turn KCB will take advantage of ...

  • Local telecom investor secures Shs600b loan 15 Nov 2009 19:12 GMT
    ... Kampala Local telecommunications investor, Libyan African Investment Portfolio (Lap) Green, has signed a ... billion) financing agreement with the Industrial and Commercial Bank of China (ICBC). The Libyan company was ... syndicated loan from a group of local commercial banks to fund the improvement of its operations across ...


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