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Regional subsidiaries lift KCB profits to Sh15.1 billion

Kenya Commercial Bank’s (KCB’s) regional subsidiaries have registered profit on the back of relative currency stability, helping the lender absorb the impact of the interest rate cap back at home.

The six subsidiaries, including Uganda and Tanzania, collectively contributed Sh586 million in the January-September period, up from a loss of Sh842 million recorded in the comparable months of last year.

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