Kenya banks set for another year of record profits
Posted on :Wednesday , 24th December 2014
Commercial banks braved the many challenges in the economy to close the month of November ahead of the full-year profits in 2013 — giving the clearest signal yet that they are on course to setting a new profits record this year.
The Central Bank of Kenya’s (CBK) latest report indicates that the lenders posted a Sh126.6 billion profit in the 11 months to November 30, compared to the Sh125.8 billion full-year pre-tax profit last year
To summarize we can say that:
• The Kenyan banking industry income for 11 months increased to Sh127 bn compared to 2013’s full year of sh126bn.
• Analysts attributed the robust profit growth to the high interest margins that banks continue to enjoy while cutting on operating costs.
• Analysts, however, do not expect the profits growth to higher dividend payouts due to the impending higher capital requirement for the banks.
Please Select an Option
Expogroup
Expogroup is a full service exhibition organiser with over 28 Years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
EXPOGROUP © 1996 - 2025 | Privacy policy