Thursday, September 08, 2005

Bank Brief’s

Stanbic offer to buy NBK
According to the East African, Standard Bank of South Africa has offered to buy the 48% of National Bank of Kenya that is owned by the National Social Security Fund. Stanbic is Kenya’s 13th largest bank with assets of $167 million while NBK is the 6th largest, with assets of $423 million.

Bank liquidation
The Central Bank’s Deposit Protection Fund will sell furniture, computers, office equipment, safes and motor vehicles owned by the former Daima Bank on September 16th. They are currently available for viewing at Utalii house, Nairobi, on weekdays.

Free gift
Anyone who performs a western union money transfer transaction at the Nation Centre branch of Diamond Trust bank between September 9th to 24th will receive a free gift.

Name change season
KCB’s savings and loan arm will now be known as S&L – the mortgage company, “where great investments begin.” Two months ago, National Industrial Credit Bank formally changed its name to NIC Bank.

Hollywood notices Kenya
The Hollywood Reporter, writes about a revival in movie-going in Kenya with the opening of four new cinemas.


Anonymous said...

heard that the central bank made a loss. could you pls do a report on it and possible impacts

bankelele said...

Cantral Bank made a loss as reported in the Daily Nation - (the other 2 major ones were in mid-90's and related to Goldenberg and election mis-finance)


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