[Source: Kenyan Wall Street, by Jackson Okoth]
Kenya’s Co-operative Bank posted KSh 7.2 Billion Net Earnings in the six months period that ended on 30th June 2020. This is compared to KSh 7.5 Billion over a similar period last year.
The decline in earnings can be attributed to high non-performing loans arising from the adverse effects of coronavirus.
Financially distressed households, individuals, and firms have had to negotiate with banks to restructure their loan facilities, denying lenders interest income…
