The Central Bank of Kenya (CBK) received a report on the state of financial affairs of Imperial Bank Ltd. (In Receivership) from the Kenya Deposit Insurance Corporation (KDIC). This follows KDIC’s appointment by CBK as receiver for Imperial Bank Limited (IBL) on October 13, 2015, according to the provisions of the Banking Act and of […]
Category: news
Kenya Bankers Association Statement on Imperial Bank being placed under recievership- 14th October 2015
The Central Bank of Kenya (CBK) on 13th October 2015 appointed Kenya Deposit Insurance Corporation (KDIC) to assume management and control of Imperial Bank Ltd. for a period of 12 months. In a joint statement issued by the regulators, the market has been advised that CBK and Capital Markets Authority are working closely with the […]
ABC Bank reaches out to UK Diaspora with GBP Debit card- 14th August 2015
ABC Bank has become the first Kenyan bank to introduce a British Pound (GBP) Debit MasterCard. The new card is suitable for Diaspora customers in the UK. Kenyan business and leisure travelers to the UK can also deposit GBP in their ABC Bank accounts and access it while in the UK, thereby avoiding exchange rate […]
Rift Valley farmers get payment card solution from ABC Bank and EMO Society – 20 June, 2015
Farmers in the Rift Valley region can now receive payments for their produce as well as make payments for various farm inputs and services using a first-of-its kind debit card courtesy of ABC Bank and EMO Society. Emoconnect Mastercard is a bouquet of benefits; it is a prepaid bank account card, insurance card, membership card […]
ABC Bank scores a first with entrepreneurship Google+ Hangout – 26 May, 2015
In a bid to engage and connect with customers and the general online community, ABC Bank has trodden where most Kenyan corporates dread. The bank has become the first financial institution to host a Google+ Hangouts on Air, dubbed #ABCofBiz. The highly successful session is the first in a series of similar hangouts that the […]
ABC Bank in Ksh. 700 million AMECEA project funding – 26th May, 2015
ABC Bank has financed a Ksh. 700 m construction project by AMECEA (Association of Member Episcopal Conferences in Eastern Africa) in the up-market Lavington area of Nairobi. The ground breaking ceremony was held on 26th May. ABC Bank Group CEO Sridhar Natarajan and Group General Manager Peter Kinyanjui attended the ground breaking ceremony. “Through this […]
ABC Bank wins Think Business Product Innovation Award – 8th May, 2015
ABC Bank trounced the large pack of entries in this year’s Think Business Awards to emerge 1st Runners Up in the Best Bank in Product Innovation category. The award winning product was the electronic Warehouse Receipt Financing solution the bank introduced in March in partnership with East Africa Exchange (EAX). The solution enables farmers protect […]
ABC Bank and East Africa Exchange sign warehouse receipt financing agreement- 10th March, 2015
ABC Bank has signed an agreement with East Africa Exchange (EAX) to help grain farmers and traders obtain financing against their produce deliveries. This will also enable farmers protect their produce against storage-related damage and negotiate for better prices. With warehouse receipt finance, a farmer or trader will deliver his produce to a warehouse that […]
ABC Bank, Fortec bring new dawn in Mwea hospital- 11th February, 2015
Residents of Mwea, Kirinyaga County can now sigh with relief as a new diagnostic imaging machine is within their reach, thanks to the Our Lady of Lourdes Hospital and an ABC Bank customer Fortec Medix Supplies Ltd. The latter supplied the CT Scan machine to the mission hospital, through an asset financing facility from ABC […]
ABC Bank stakes claim on Diaspora remittances with TransFast deal- 6th March 2015
ABC Bank and New York-based international money transfer service Trans-Fast have signed an agency agreement to enable Diaspora customers to send money to friends and family in Kenya. The tie-up with Trans-Fast makes ABC Bank the first bank in East Africa to partner with the money transfer service, which has presence in 108 countries in […]
