Banks non-lending income rises to 41pc of revenue

Stanbic Bank branch on Kimathi Street Nairobi.

Photo credit: File | Nation Media Group

Top commercial banks made 41 percent of their total revenues from non-interest funding streams in the opening three months of the year to March.

An analysis of tier I banking sector performance shows the country’s top nine lenders booked Sh67.9 billion in non-funded income in the period from Sh46.2 billion previously which was equivalent to 35.8 percent of the share of income.

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