Top Kenyan banks with regional operations, have posted flat, slowed or declined profits in the first quarter of this year, reversing the growth momentum seen recently.
Loan quality — measured by gross non-performing loans (NPLs) to gross loans ratio — weakened to 17.4 percent, from 15.7 percent, in the same period last year, reflecting a surge in bad loans, which prompted banks to adopt tight credit risk appraisal.
