KCB Group has announced an 11 per cent increase in after-tax profits for the full year 2012 on the back of strong growth in interest income.
The bank has reported net profits of Sh12.2 billion for the year up from Sh10.98 billion the previous year. The lender said that it would pay a dividend of Sh1.90 per share.
The bank’s loan book stood at Sh211.7 billion with customer deposits at Sh288 billion.
KCB’s share price in the Nairobi Securities Exchange has enjoyed a rally as investors looked to ride on the expected high earnings. It closed Wednesday’s trading at Sh38.50 per share.
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