Bank profits jump 18 percent in two months on increased lending

The Central bank of Kenya, Nairobi. FILE PHOTO | NMG

The pre-tax profit of Kenyan banks jumped 18.8 percent in the first two months of the year on increased lending and reduced provisioning for bad loans.

Data from the Central Bank of Kenya (CBK) shows the pre-tax earnings stood at Sh36.1 billion in the review period, rising from Sh30.4 billion in a similar period last year.

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