Banks record 53pc profits increase on economic recovery

central bank of kenya cbk


Business Daily | by Patrick Alushula


Banks’ pre-tax profits for the seven months to July jumped 53.2 percent and surpassed last year’s full-year earnings, pointing to continued recovery from the Covid-19 menace with customers stepping up loan repayments.

Latest Central Bank of Kenya (CBK) data shows pre-tax earnings in the seven months hit Sh113.4 billion to…

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