The Co-operative Bank of Kenya has reported a record net profit of Ksh.29.75 billion for the financial year ended December 2025, representing a 16.9 per cent increase from Ksh.25.46 billion posted in 2024. The lender’s performance marks the highest profitability in its history, driven by sustained growth in earnings and…
Guaranty Trust Bank (GT Bank) Kenya has confirmed it has filed an appeal with the Competition Tribunal, challenging a decision by the Competition Authority of Kenya (CAK) that imposed financial penalties and ordered customer refunds. Bank’s Position In a statement, GT Bank said the matter is now sub judice, making…
The Competition Authority of Kenya (CAK) has directed Guaranty Trust Bank Kenya Limited (GT Bank) to pay a penalty of Ksh. 33,180,000 and refund Ksh. 13,211,285 to its customer ASL Limited, following findings of false representation and unconscionable conduct. Background of the Complaint The probe began after ASL lodged a…