kcb bank - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

KCB to auction 100 Greatwall Apartments in Athi River

Sacco Review3 weeks ago3 weeks ago04 mins

Some 100 homeowners at Greatwall Gardens estate in Athi River might lose their units after Erdemann Property Limited lost a KSh1.9 Billion loan case against Kenya Commercial Bank. Erdermann Property Ltd, the developer made a prayer to the court saying that homeowners were innocent purchasers and that the units were sold by mistake, the prayer…

KCB shareholders get zero dividends as profit declines

Sacco Review2 months ago2 months ago02 mins

Kenya’s KCB Group posted a 15 per cent drop in pretax profit in 2023 to KSh48.5. Therefore, it announced it would not pay a dividend for the period in order to conserve capital. For the first time in 21 years, KCB Group shareholders will miss out on dividends after the bank reported a net profit to…