Commercial banks’ pre-tax profit rose 16.1 percent to Sh139.6 billion in the half year ended June 2024, marking a record performance in an environment of costlier credit that has increased loan defaults and reduced appetite for borrowing.
The latest Central Bank of Kenya (CBK) data shows the earnings grew from Sh120.2 billion a year earlier, raising the prospect of higher dividend payouts for shareholders when the full year closes in December.
