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Banks swim out of Covid-19 blues to post higher profit

BUSINESS
Equity Bank CEO James Mwangi in Nairobi on April 14, 2021. [David Gichuru,Standard]
Kenyan banks may be swimming out of the Covid-19 storm with most of them now recording a rise in net profits in the first quarter of 2021.
Equity Bank’s net profits rose by 64 per cent in the period between January and March at the back of increased income even as the listed lender controlled the growth of expenses.
The bank made a profit after tax of Sh8.7 billion in the period under review compared to Sh5.5 billion that it posted in the first quarter of 2020.
Equity outshone its closest rival KCB which made a profit after tax of Sh6.37, an increase of 1.7 per cent from Sh6.26 billion in the first quarter of 2020. ....

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Corona adds Sh111b bad loans to big banks' books

THE STANDARD
By
Dominic Omondi |
April 2nd 2021 at 00:00:00 GMT +0300
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Kenya's KCB Group expects restructured loans to halve in Q2

Kenya's KCB Group expects restructured loans to halve in Q2
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Kenyan lender KCB Group posts 30% drop in full-year pretax profit

Kenyan lender KCB Group posts 30% drop in full-year pretax profit
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Nairobi Area , South Sudan , Jan Harvey , George Obulutsa , Joshua Oigara , Thomson Reuters Trust Principles , Executive Joshua Oigara , Thomson Reuters Trust , நைரோபி பரப்பளவு , தெற்கு சூடான் , ஜான் ஹார்வி , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Kenyan lender KCB Group posts 30% drop in full-year pretax profit

Kenyan lender KCB Group posts 30% drop in full-year pretax profit
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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