Commercial Bank Of Africa News

Shilling to come under pressure as the year ends

Market News Shilling to come under pressure as the year ends The shilling is expected to continue losing ground against the dollar by the end of the year according to economists at Commercial Bank Of Africa (CBA).

Business Daily Africa , Kenya Dec 13, 2018

Rwanda banks report mixed results in 2018

Those that did not fare well — Commercial Bank Of Africa (CBA), three microfinance banks and the Development Bank of Rwanda — reported a combined Rwf8.3 billion ($9.3 billion) in net losses.

The East African , Kenya Dec 12, 2018

Treasury cranks up use of CBK overdraft

“Low subscriptions amid increased maturities and flagging revenue performance could leave Treasury with a bigger funding gap,” said Commercial Bank Of Africa in a fixed income note.

Business Daily Africa , Kenya Dec 12, 2018

NIC share sprint eases after initial excitement

National Industrial Credit bank and Commercial Bank Of Africa announced the planned merger last Thursday, sparking off a rush to buy the share on Friday in anticipation of better yields.

The Star , Kenya Dec 11, 2018

Ndegwa family puts empire on new path with asset sales

The Ndegwas, one of the richest families in Kenya, have proposed or completed five disposals and mergers in the past four years — the latest being the planned merger of NIC Group #ticker:NIC with Commercial Bank Of Africa (CBA).

Business Daily Africa , Kenya Dec 11, 2018

Mergers to help banks weather interest rate caps

Analysts have cited merger talks between NIC Bank #ticker:NIC and Commercial Bank Of Africa (CBA), which if successful will create the third-largest lender by assets as a potential new trend.

Business Daily Africa , Kenya Dec 10, 2018

NIC, CBA parent banks in merger negotiations

The merger if successful, will see both banks – NIC and Commercial Bank Of Africa Limited (CBA), operating as one entity, making it one of the top mergers within East Afica’s banking industry.

Daily Monitor , Uganda Dec 9, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between NIC Bank and Commercial Bank Of Africa (CBA), saying it represented the direction that local banks should take.

Daily Nation , Kenya Dec 9, 2018

Rotich pushes for bank mergers

Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between NIC Bank #ticker:NIC and Commercial Bank Of Africa (CBA), saying it represented the direction that local banks should take.

Business Daily Africa , Kenya Dec 9, 2018

NIC Bank stock rises 32pc after news of merger

Capital Markets NIC stock rises 32pc after news of merger with Kenyatta-linked bank NIC Bank #ticker:NIC shares jumped 32 percent on news of merger talks with Commercial Bank Of Africa (CBA), raising the mid-tier lender's shareholder wealth by Sh4.7 billion.

Business Daily Africa , Kenya Dec 8, 2018