KCB Group first-quarter profit jumps 12 per cent

From left: Group Chief Executive Joshua Oigara, Chief Financial Officer Lawrence Kimathi, Audit Director Charles Langat and MD Kenya Sam Makome.

Kenya: Kenya Commercial Bank Group saw its first quarter 2015 profit before tax rise by 12 per cent to Sh6.2 billion on the back of higher interest income, fees and commissions arising from new business lines.

Group Chief Executive Officer, Joshua Oigara, said the growth in profitability from Sh 5.6 billion over the same period last year was a result of a sustained push to grow non-funded income, as well as cost management initiatives across Kenya and the international businesses.