Kenya Banks Make U.S.$380 Million Pre-Tax Profit

analysis

Nairobi — Kenyan banks made a pre-tax profit of $378,623,000 during the first quarter of 2015, writes JOHN SAMBO.

This is a 2.7% improvement compared to the period during the last four months of 2014.According to the latest Central Bank of Kenya (CBK) report on the sector, there was an improved performance with the size of net assets standing at Ksh. 3.37 trillion (about $34 billion), loans and advances worth Ksh. 2.04 trillion ($20 billion).

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