Kenyan banks harvest billions from DR Congo and Rwanda

Photo credit: Compiled by John Waweru | Designed by Gennevieve Awino

The market penetration of Kenyan banks into the East African region has increased earnings for banks from the regional subsidiaries more than double last year.

 According to the annual supervision report by Central Bank of Kenya, Kenyan lenders in the region recorded a cumulative gross profit of Sh66.13 billion in 2023.

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Note: The results are not exact but very close to the actual.