Analysts put buy rating on listed bank stocks on high profitability

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

Stockbrokers have put a buy recommendation on most of the banks listed on the Nairobi Securities Exchange, citing increased profitability driven by higher interest rates.

Lenders are set to announce their results for the half-year ended June, with Absa Bank Kenya, Standard Chartered Bank Kenya and NCBA Group due to declare interim dividends.

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