×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Banks’ value takes coronavirus beating

Jamii Bora bank situated along Koinage Street. Nairobi. [Edward Kiplimo, Standard]

The banking sector continues to suffer the effects of the coronavirus pandemic, with several key indicators registering a decline.

A banking sector report for the first quarter released by Cytonn Investment this week shows banks recorded a 7.4 per cent average decline in core earnings per share, compared to a growth of 12.2 per cent in a similar period last year.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in