Banking, a sector swift to jump out of crisis

Profits grew to a record high only a year after the Covid-19 pandemic shut down economic activities. [iStockphoto]

Winston Churchill made a famous observation during the bleakest days of World War II: Never let a good crisis go to waste.

For Kenyan banks, this rings true. It has become a sector that acknowledges a crisis, marks it as good and quickly finds ways to pick itself up.