SARB repo rate cut 6.5 percent MPC South Africa May 2026
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Absa Kenya smashes Q1 profit record
Absa Bank Kenya posted Q1 2026 profit after tax of KSh 5.3 billion ($41 million), with a 20.3% return on equity. Total assets grew 10% to KSh 571.3 billion. Subsidiaries’ income grew 25% year on year. Capital adequacy…
Standard Chartered Kenya profit falls 26%
Standard Chartered Bank Kenya posted Q1 2026 profit after tax of KSh 3.58 billion, down 26.3% year on year, as net interest income fell 23.3% to its…
Standard Bank tops Africa at R517bn
Standard Bank Group closed May 23 at a market capitalisation of R517 billion ($31 billion), overtaking Capitec at R511 billion and FirstRand at R503…
SARB cuts repo to 6.5 percent
South Africa’s MPC cut the repo rate by 25 basis points to 6.5% on May 29, effective May 30, resuming the easing cycle paused since November 2025.…