Senior managers of Nairobi Securities Exchange-listed banks earned a total pay rise of Sh591 million last year, outpacing the lenders’ profit growth and defying massive job cuts that were recorded in the industry.
Freshly published annual reports show total remuneration to senior managers at 10 publicly traded banks increased 4.9 per cent to hit Sh6.02 billion in 2016 from Sh5.7 billion a year earlier, as the firms fought to keep their top echelons happy in a tough operating environment.
