I&M Group PLC and HFCB Group PLC posted higher half-year earnings, joining rivals in delivering results that have provided a rare bright spot against the backdrop of a tight domestic economy.

The lender’s profit after tax and minority interest rose from Sh7.73 billion in the previous similar period, overtaking Standard Chartered Bank Kenya to the sixth-highest profit…

The group raised its loan-loss provision by 30 percent to Sh273.9 million from Sh210.6 million, signalling continued caution over potential credit losses.