State lenders maintain loss streak as small banks struggle

Smaller lenders continue to feel the pinch of the rate cap regime, with a majority of them posting losses and others a marked decline in profit.

National Bank (NBK) of Kenya in its financial report for the 12 months to December last year released yesterday said it made Sh7 million net profit, a 98 per cent fall from the Sh410 million reported in a similar period in 2017.