Banks made a record Sh96.4 billion in profit before tax in the first half of this year in the clearest indication yet that the sector has come out of the downturn caused by the Covid-19 pandemic and heralding a resumption of dividends for shareholders.
The lenders recorded a 61 percent jump in gross earnings from the Sh60 billion they made in the first half of last year, when performance was depressed by the onset of the pandemic that was followed by restrictions that hit the economy hard.
