Eight large banks have reported a 40 percent drop in earnings from foreign exchange trading in the first half of the year as a static shilling against the dollar narrowed the margins they enjoy from buying and selling the greenback.
The tier-one banks, which had released their 2025 half-year financial results by Friday, saw their forex trading earnings decline to Sh22.2 billion from Sh36.9 billion in the first six months of 2024.
