Multinational banks lead in profit efficiency

Stanbic Bank branch on Kimathi Street Nairobi.

Photo credit: File | Nation Media Group

Local branches of multinational banks –Stanbic Holdings, Standard Chartered Bank Kenya and Absa Bank Kenya— are the most efficient lenders among the top-tier institutions.

Their relatively better efficiency is derived from growing their income while keeping a lid on costs, according to an analysis of the banks’ performance in the half year ended June.

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