Kenya banking sector is in poor health

Customers in a Banking hall. FILE PHOTO | NMG

With the 44 commercial banks having published their Q2 accounts for this year as required by prudential guidelines, it is an opportune time to look at the figures more closely, plot the trends and try to assess what the numbers reveal in terms of both the health of this critical sector and the broader macro economy.

As we all know, the banking system is a reliable barometer for tracking the strengths and weaknesses of the economy. So, what does one see after poring through the statistics?

PAYE Tax Calculator

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