Banks earned a cumulative pre-tax profit of Sh57.3 billion in the three months to March on increased lending that saw loans to the private sector grow at double-digits for the first time in six years as the economy recovers.
The earnings represent a 24.8 percent increase over the Sh45.9 billion they earned in the three months to March 2021, the latest sector data from the Central Bank of Kenya (CBK) shows.
