Among the banks, Absa was the worst hit, with its profit after tax declining by 89 per cent. SEE ALSO: Alcohol industry staggers as virus hangover wipes out jobsEquity Bank reported Sh9 billion profit for the half-year to take the leading position. Co-operative Bank might have been the best performer among the big boys, with its net profit reducing by only four per cent. However, among the tier-one banks, Absa Bank was the poor performer with its net profits declining by 89 per cent. In the same period last year, the second largest bank by asset-size made a net profit of Sh11.9 billion.

Source: The Star August 29, 2020 21:00 UTC