Commercial banks made more money in 10 months last year than what they earned in the full year before Covid struck the country, revealing the meteoric recovery of a sector that suspended dividends in 2020 on fears of capital erosion.
The Central Bank of Kenya (CBK) said that lenders earned a cumulative Sh161.9 billion in the 10 months to October 2021, a 64 percent jump above earnings in the corresponding period in 2020.
