The Central Bank of Kenya head office in Nairobi. Data from the Central Bank of Kenya (CBK) shows banks earned Sh187 billion in profit before tax during the nine-month period, which is Sh41.5 billion more than the Sh145.5 billion that they earned during a similar period last year.
Banks have recorded a 28.5 per cent increase in profit before tax for the nine months to September driven by significant growth in interest and non-funded income as well as the rollout of cost-cutting measures.
Data from the Central Bank of Kenya (CBK) shows banks earned Sh187 billion in profit before tax during the nine-month period, which is Sh41.5 billion more than the Sh145.5 billion that they earned during a similar period last year.
