Standard Chartered Bank ATM lobby on Kenyatta Avenue, Nairobi. Lenders are seeking additional capital injection to accommodate the expected rise in credit losses. PHOTO | FILE
Top East African banks posted double-digit growth in profit in the six months to June 30, signalling a strong recovery from Covid-19 pandemic.
The growth was largely informed by a reduction in loan loss provisions and heavy investment in government securities coupled with increased income from fees and commissions.
