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The Standard e-Paper
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The Standard Group Plc is a
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print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
After the release of financial results by all commercial banks, one thing is brutally clear: The going is tough for lenders.
Figures from all lenders painted a grim picture of a financial sector struggling with its core business of lending. Income on interest and loan advances shrunk as banks' hitherto gush of profits slowed down into a trickle in the first quarter of 2017.
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