Lower loss provision push up banks' Q1 profits
Most lenders attributes this to business recovery
BIO: Victor Amadala is an award winning journalist business with more than 500 published business and human interest feature stories. He is currently a Business Writer for the Star Newspaper, third biggest paper in Kenya www.star.co.ke , handling governance, economics, market place, money matters, building and construction, agribusiness among other topics. He has previously contributed for many established print media in Kenya and abroad including the Business Daily, Standard Newspaper, Daily Nation, KBC, VG Norway, CFO South Africa, Ebano TV in Spain among others In 2014, he scooped the prestigious African Fact Checking Journalism Award in sponsored by the AFP Foundation https://africacheck.org/how-to-fact-check/the-african-fact-checking-awards/ A Thomson Reuters New Age Media fellow, Victor is extremely passionate about developmental journalism with a view of transforming social economic fabric in the continent and across borders. He holds a diploma in journalism from the Kenya Institute of Mass Communication.
Customer deposits increased by five per cent to Sh270 billion.
The government has issued yet another infrastructure bond worth Sh75 billion for June
In 2016, Urithi bought Sh 1 billion worth of property which was charged to Family Bank.
Kenya has had five heads in the past decade
The country is set to float $1 billion sovereign bond before July