Family, Sidian join lenders in the loss-making territory

Family Bank chief executive David Thuku when he released the lender’s results. PHOTO | SALATON NJAU | NMG

Family and Sidian banks have slipped into losses, signalling hard times for lenders which are coping with reduced profit margins following last year’s passage of the interest rates cap law.

The two banks join Housing Finance #ticker:HFCK and National Bank #ticker:NBK , which this week also reported losses.

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