Kenya’s tier-1 banks recorded a Sh4.9 billion jump in forex trading income to Sh57.8 billion in the nine months to September, helped by growth in revenue from those funding regional trade deals.
Equity Group led the sector with an increase of Sh5 billion in forex revenue to Sh13.9 billion, but this was primarily from its regional subsidiaries considering its Kenyan unit’s income from the revenue line fell by Sh768 million to Sh4.02 billion.
