KCB makes a historic profit despite the interest cap

KCB bank branch. FILE PHOTO | NMG

KCB Group has posted a 21.8 per cent bounce in profit for the year ended December 2018.

The increase was facilitated by lower credit shortfall arrangements and higher intrigue pay.

The net profit in the audit time frame remained at Sh24 billion contrasted and Sh19.7 billion the prior year.

KCB Group’s advantage pay grew to Sh66.3 billion from Sh63.7 billion posted toward the finish the of past budgetary year.

Amid this period, non-intrigue salary, essentially from charges and commissions, stayed level at Sh23 billion.

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