Kenya Banking Sector Valuation Update – Listed Banks
Listed banks in our coverage delivered a strong performance in 1H26, driven by a 17.2% y/y surge in coverage net earnings (PAT including non-controlling interests) to KES 153.5bn, anchored by higher net interest income (+11.4% y/y to KES 304.6bn) and non-funded income (+17.2% y/y to KES 159.1bn). Profitability was largely driven by an easing interest…
