Banks tipped to be top NSE performers in 2023

DNEquitybank2405

Equity bank branch in Kibera slums in Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

Analysts have tipped banks to be the top-performing counters at the Nairobi Securities Exchange this year based on their earnings growth and anticipated higher dividend payouts.

Banking sector stocks are expected to see a lift from recent developments which have included the adoption of risk-based lending and the resumption of charges on bank-to-mobile transactions.

PAYE Tax Calculator

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