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KCB Group posts Ksh12.1 billion profit after tax

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KCB Group posts Ksh12.1 billion profit after tax

16 August 2018 Thursday 10:11
KCB Group posts Ksh12.1 billion profit after tax

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.
 

Updated: 16.08.2018 18:09
Keywords:
KCB Group
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