KCB Group says 2015 pretax profit rises 12 percent

Kenya's KCB Group, the country's biggest bank by assets, on Wednesday posted slower growth in full-year pretax profit, hurt by currency devaluation in South Sudan.

The bank, which has operations in Kenya, Uganda, Tanzania, Rwanda and South Sudan, said its pretax profit grew by 12 percent to 26.5 billion shillings ($261 million) in 2015, slower than the 18 percent increase in the prior year.