A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.
By
George Ngigi
Correspondent
Nation Media Group
The cumulative pre-tax profit of commercial banks operating in Kenya rose 13.6 percent in the three months ended March, riding by cheaper deposits.
CBK) shows that the lenders’ pre-tax earnings in the review period stood at Sh111.8 billion, rising from Sh98.2 billion a year…
That shift is visible in the half-year numbers of nine lenders used in this analysis.
Analysts reckon that banks have been able to attain bigger lending margins or spreads from an easier release of expensive…
The latest deposits held by the 14 deposit-taking microfinance banks regulated by the CBK mark a reversal of a prolonged decline…
The bank also paid Sh3.2 billion in interest expenses to depositors during the review period, down from Sh3.5 billion a year…
KCB half-year profit rose 20.8% to KSh49.3 billion before tax, with regional banks outside Kenya contributing 27.7% of group…
