Investors unmoved by impressive bank profits

Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023. FILE PHOTO | POOL

Investors have reacted with little enthusiasm to the high jump in bank earnings in the nine months that ended September, signalling continued apathy in the stock market.

DTB Group, KCB Group, I&M Group, Equity Group, Absa Bank Kenya, StanChart, Co-op Bank and NCBA Group reported net profit growth of between 19 per cent and 96.2 per cent in the review period.

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