Ecobank after-tax earnings register 86pc drop

Mr Samuel Adjei, Ecobank Kenya MD / Regional Executive. FILE PHOTO | NMG 

Ecobank Kenya’s net profit for six months through June shrank 86.1 per cent on reduced lending amid rising bad debt, the mid-tier lender reported in a statement on Friday.

The bank’s net earnings declined to Sh7.6 million from Sh54.70 million a year earlier.

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