KCB half-year profit up 28pc to Sh19.6 billion

KCB Group Chief Executive Officer Paul Russo. [Wilberforce Okwiri, Standard]

KCB grew its net profit for the first half of 2022 to Sh19.6 billion on the back of increased interest income, non-funded income and a reduction in loan-loss provisions.

This is a growth of 28.4 per cent compared to the Sh15.4 billion that the listed lender recorded in the first six months of 2021.