×
× Digital News Videos Opinion Special Reports Lifestyle Weird News Health & Science Education Columns The Hague Trial Kenya @ 50 Comand Your Morning E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

KCB Group posts Sh12.1 billion profit after tax

By Fredrick Obura | August 16th 2018 at 08:35:22 GMT +0300

KCB Group CEO Joshua Oigara (PHOTO: FILE)

NAIROBI, KENYA: KCB Group has posted Sh12.1 billion profit after tax on the first half of 2018, an 18 per cent growth from a similar period last year.

The loan book expanded 4 per cent to Sh421.5 billion, with net loans and advances going up by 4 per cent to Sh421.5billion from Sh406.9billion.

The lender’s deposits hit Sh525 billion from Sh482.8 billion, a nine percent jump, resulting in an improved liquidity position.

Following the results, the Board of Directors approved a payment of an interim dividend of Shs1.00 per share. Shareholders will be paid the dividend in November 2018.

More to follow

 


KCB Group
Share this story

Read More

Feedback