The lender announced a profit after tax of Sh19.6 billion, an increase from the Sh15.3 billion it recorded in a similar period last year.
KCB’s interest income grew 15.7 per cent to Sh54.5 billion following a 31.5 per cent rise in income from government securities.
Loan disbursements also rose 20 per cent to Sh730.3 billion as demand from personal households, trade, transport, and communications sectors went up.
KCB Group has posted a 28 per cent net profit increase for the half-year period to June driven by an increase in both interest and non-interest income and lower loan-loss provisions.
The lender yesterday announced a profit after tax of Sh19.6 billion, an increase from the Sh15.3 billion it recorded in a similar period last year even as its subsidiaries upped their contribution to the lender’s earnings.
