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Cheaper deposits lift banks’ profit to Sh83.5bn in first quarter
A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.
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businessdailyafrica.com
Timeline cronologica
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Banks squeeze depositors in race for bumper profits
Analysts reckon that banks have been able to attain bigger lending margins or spreads from an easier release of expensive deposits as lending rates remain relatively elevated on…
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Cheaper deposits lift banks’ profit to Sh83.5bn in first quarter
A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.