People Daily | by Lewis Njoka
The Coronavirus pandemic has dealt a blow to the otherwise profitable banking sector, wiping off billions from the books of lenders in quarter three of 2020.
Unfortunately, with the surge in number of infections, Kenya is already in the second wave of the pandemic and it is not known when this will slow down.
An analysis of Quarter Three financial results shows that the five banks: Kenya Commercial Bank, Equity, Absa, Coop Bank and Standard Chartered lost Sh17 billion in profits after tax…
