Why Covid's wrath against banks has been unequal

Co-operative Bank Managing Director Dr Gideon Muriuki, Bank Chairman John Murugu, and Vice-Chairman Macloud Malonza at the bank’s virtual Annual General Meeting. [File, Standard]

Although Covid-19 pandemic has hit the entire banking sector equally, a few banks have emerged as more equal than others.

Consequently, financial results that lenders have been churning out in the last two quarters have presented observers with what would better be described as “a great study in contrast.”