By
George Ngigi
Correspondent
Nation Media Group
Absa Bank Kenya reported a 13.8 percent decline in net profit in the first quarter ended March as falling interest rates and reduced lending to customers resulted in reduced interest income.
Absa profit falls 13pc to Sh5.3bn in first quarter
Absa becomes the second major listed lender to report lower earnings after Standard Chartered Bank Kenya’s net income declined 26.3 percent in the same period to Sh3.5 billion on lower interest...
494 words~2 min read
