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KCB beats Equity in profits race as earnings after tax hit Sh44.5b

KCB Group CEO Paul Russo and Group Chief Finance Officer Lawrence Kimathi during the announcement of Q3 2024 results in Nairobi on November 20, 2024. [Wilberforce Okwiri, Standard]

Kenya's largest bank by asset base KCB Group outpaced its biggest rival Equity Bank in the first nine months of the year after its profit after tax jumped by nearly half to Sh44.5 billion.

KCB Group said yesterday the strong performance was driven by sustained revenue growth across all subsidiaries.

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