in Short

EAC: Regional banks record profits despite Covid-19

East African banks remained resilient with higher Return on Equity (ROE) for the last 12 months. This is a healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic.

The latest quarterly market report by the African Financials Group shows that Kenyan banks dominated the list of regional lenders with higher ROE as eight lenders led by Equity Bank.

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