[Source: Business Daily, by Victor Juma]
Absa Bank Kenya’s net profit dropped by a record 85 percent in the half year ended June to Sh588.9 million as the lender’s raised provisions for coronavirus-related defaults.
The Nairobi Securities Exchange-listed firm’s net earnings stood at Sh3.8 billion a year earlier.
Absa did not declare an interim dividend, saving Sh1 billion based on its previously unbroken tradition of paying Sh0.2 per share…
