The top tier banks now include Kenya Commercial Bank (KCB), Co - operative Bank, Equity Bank, Barclays Bank of Kenya (BBK), Standard Chartered Bank, Commercial Bank of Africa (CBA) and Diamond Trust Bank (DTB). Updated Wed, August 3rd 2016 at 10:47 GMT +3NAIROBI, KENYA: Profits for commercial banks shrunk by 5 per cent to Sh134billion in 2015 in a disruptive year that saw two lenders placed under receivership. The ratio of gross non-performing loans to gross loans increased from 5.6 per cent in December 2014 to 6.8 per cent in December 2015. The banks' income increased by 9.1 per cent in 2015 whereas expenses increased by a higher margin of 16.3 per cent over the same period, the report says. The large seven banks now control 70.3 per cent of the total pre-tax profit, an increase from 61 per cent recorded in 2014.

Source: Standard Digital August 03, 2016 07:52 UTC