KCB Q1 net profit up 6pc as bad debts jump

KCB CEO Joshua Oigara during an interview with The Standard team in Nairobi on June 9th, 2015. PHOTO: WILLIS AWANDU

KCB Group has reported a 6 per cent growth in profit after tax to Sh4.6 billion for the first quarter of 2016, helped by higher interest income.

In the quarter ending March 31, the bank had a net profit of Sh4.63 billion, up from Sh4.36 billion in the same period last year.