2017 AGM NOTICE AND AGENDA
NOTICE IS HEREBY GIVEN THAT THE TWENTY FIFTH ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD AT THE CROWNE PLAZA HOTEL NAIROBI ON THURSDAY, 27TH JULY 2017, AT 12.00 P.M.
1. To read the notice convening the meeting.
2. To confirm the minutes of the Twenty Fourth Annual General Meeting held on the 15th July 2016.
3. To consider and, if approved, adopt the Financial Statements of the Company for the year ended 31st December 2016, together with the Directors` and Auditors` report thereon.
4. To authorize the board to fix the Directors` remuneration. Continue Reading…
Audited Financials for the period ending 31st December 2016
The Bank’s financial performance for the year 2016 has been influenced by both external and internal
factors which include the difficult economic environment, the turbulence experienced in the banking sector, the implementation of interest rates capping in the fourth quarter and the lack of adequate capital to meet regulatory requirements and support execution of the Bank’s business plan for the year.
Junior Savers Day- Fun while Banking
Saturday 27th August 2016
On 27th August 2016, Nyeri Branch held an event for their children’s account dubbed ‘Junior Savers Day’ at the branch. The event attracted over 100 children who got the opportunity to see and learn how the bank works and the importance of saving. It was not all serious however as the children got to participate in fun games with our bank staff. There were plenty of snacks to go around as well.
CONSOLIDATED BANK LIMITED STATEMENT ON FINANCIAL PERFORMANCE FOR THE QUARTER ENDED JUNE 2016
Consolidated Bank released its first half 2016 financial results on 29th August 2016, recording growth in net advances of 4 per cent to Kshs 9.11 billion in June 2016 compared with Kshs 8.80 billion as at 30 June 2015. The non-funded income increased by 99 per cent to Kshs 389 million from Kshs 196 million the same period last year due to increase in write backs from recovery of nonperforming loans to Kshs 125 million from Kshs 16 million the same period last year.
Consolidated Bank – 2016 post budget breakfast brief: Making sense of the figures
On Friday 17 June, 47 key customers from our medium to large corporate account holders convened at Serena hotel for a breakfast presentation on the budget. They were joined by personnel from the bank, including Heads of Departments, Relationship and Branch Managers.
Consolidated Bank contributes over KSHS 2 million to the Hadhi Fistula medical camp.
Consolidated Bank, in partnership with the Flying Doctors Society of Kenya (FDSA), participated in the Hadhi Fistula medical camp. It was held at the Kenyatta National Hospital from 11th June to 3rd July 2015.
The bank contributed over KSHS 2 million to the camp, which also attracted other partners and sponsors including the First lady of Kenya, Her Excellency Margaret Kenyatta, the Freedom from Fistula Foundation and Citizen Television.
Consolidated Bank partners with Junior Achievement Kenya
“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” John Quincy Adams
Consolidated Bank and Junior Achievers believe that young people need motivators, role models and the opportunity to learn from those ahead of them so that they too can succeed in life.
Hidden in the cracks….
New days come and go but a friendship is forever.
It had been months since Ben and I talked so you can imagine how surprised I was to receive a call from him.
Chapo’s can lead you from business to pleasure
What on earth was I thinking??
My mother always used to tell me how “real men don’t cry;” but when your buyers haven’t paid you for pieces that they bought over six months ago, when you have spent over half of your working capital on an event to prove to people who really don’t matter that you are worth something, when you can’t pay your employees or in my case my artists their dues, when you have to go to your mother’s house to eat because you can’t afford a meal, it’s honestly very difficult to keep the tears in.
Press Release: Consolidated Bank announced 118% jump in profitability, enhances push to rein in on non-performing loans
SME focused lender Consolidated Bank has returned a 118% jump in profit before tax for the year ended 31 December 2015, a clear indication of a successful turnaround trajectory that the bank continues to drive. Over the one year period, the bank hit Kes.48.8 Million in profit before tax; up from a loss of Kes.274.2 Million over a similar period in 2014.