Contact

Category: 12pc

  • Banks’ eight-month profit up 12pc to Sh181bn amid defaults

    •

    Investor Empires

    Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…

  • Banks’ eight-month profit up 12pc to Sh181bn amid defaults

    •

    Investor Empires

    Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…

  • New vehicle sales fall 12pc on tough operating environment

    •

    Investor Empires

    New-car dealers suffered a double-digit decline in first-half sales for the second straight year, pointing to a tough operating environment marked by higher interest rates and taxes. Data from the Kenya Motor Industry Association (KMIA) showed companies including Isuzu East Africa, CFO Mobility Kenya and Simba Corp recorded a 12.27…