Loans

The Hustler Fund issued loans worth Sh465 million to 809,351 Kenyans who had not registered for the product, exposing flaws in the operations of a microcredit scheme targeting low-income groups. Auditor General Nancy Gatongo revealed…

The Central Bank of Kenya (CBK) will receive a total benefit of Sh12.62 billion from emergency lending to the National Treasury in the financial year ending June 30, 2024, more than double original estimates after the policy rate hiked…

France and Germany have overtaken China in budgeted loans from rich countries for the new year that begins in July, highlighting President William Ruto's realignment with the West in a foreign policy shift from that of his…

Large banks, including those with deep-pocketed multinational parents, were last year forced to seek rescue loans from the Central Bank of Kenya (CBK), pointing to a major liquidity crisis that roiled the financial sector. Regulatory…

In a significant move to support Britain’s small businesses, Chancellor Jeremy Hunt is set to announce an extension of the Covid recovery loan programme by two years in the upcoming Budget on Wednesday.This extension comes as a relief…

Market News Private household loans in rare drop as high interest rates bite Friday March 01 2024 Outstanding banking sector loans to private households dropped by Sh13.7 billion in December last year. PHOTO | SHUTTERSTOCK…

ArLawKa AungTun Around 20% ($929B) of the $4.7T outstanding commercial mortgages will mature this year, 28% higher than 2023, given that many loans had been extended or modified a year ago, according to a Mortgage Bankers Association…

Data from China ICYMI late last week, once again showing that Chinese lenders tend to front-load loans at the beginning of the year.Banks extended 4.92 trillion yuan in new yuan loans in January, a record high (the previous record was 4.9…

The banking worries in the US this week were triggered by:New York Community Bancorp cutting its dividend on higher capital rules and commercial strainA Japanese bank reporting unexpected losses on US commercial real estateDeutsche Bank…

Because of the crisis in Israeli agriculture since the outbreak of the Swords of Iron war, loans and financial guidance NGO Ogen, the Jewish Agency, and agricultural volunteering organization Hashomer Hachadash have…