Top bank owners booked billions of shillings in capital gains at the Nairobi Securities Exchange (NSE) in the past one year, defying the difficult operating environment that has been subdued by the coming into force of a law capping interest rates and the politics-driven slowdown of the economy.
Latest NSE data shows that the market capitalisation or investor wealth in the 11 listed lenders rallied by 48 per cent or Sh229 billion in the last 12 months to Sh704 billion – significantly increasing paper wealth of top owners.
