Business Daily | by Patrick Alushula
Commercial banks lost Sh19.48 billion in the six months to end of June as Covid-19 economic disruption forced lenders to increase provisions for debt defaults, hurting the profitability of the sector.
Analysis of the half year results for 36 out of the 39 banks that were actively trading in the review period shows that combined net profit dropped by 30.5 percent to Sh44.44 billion in contrast with Sh63.92 billion in…
