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Agency revises KCB outlook from negative to stable

Kenya Commercial Bank CEO Joshua Oigara. (Photo: Wilberforce Okwiri/Standard) 

Kenya Commercial Bank (KCB) will maintain a stable financial performance in future despite the cap in cost of lending, global rating agency Standard & Poor’s (S&P) has said.

In its latest assessment of region’s largest lender by asset base, the agency revised the lender’s rating from negative to stable based on among other factors strong capital buffers and well-structured deposit-based funding model.

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