Sh13bn bad loan provision cuts lift bank profits

central bank of kenya cbk


Business Daily | by Patrick Alushula


Kenya’s top nine listed banks slashed their provisions for loan defaults by a third in six months to June, defying Covid-19 hardships to raise their combined net earnings 72.5 percent to Sh66.5 billion.

KCB, Equity, Co-op Bank, I & M, Absa Kenya, NCBA…

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