Home Business Banks bounce back from Covid-19 blues to report jump in profits

Banks bounce back from Covid-19 blues to report jump in profits

budget, treasury, public borrowing
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The Standard | by Fredrick Obura


Banks are slowly getting on track after a tough year in 2020 due to the adverse effects of the Covid-19 Pandemic.

During 2020, most banks recorded a drop in profit as the effects of the virus forced many of them to devise ways of cushioning customers including temporary suspension of loan repayment and slashing of transaction fees…

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