Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
K-Rep Bank net profit drops 27.5pc as funding costs go up
A K-Rep Bank branch in Nairobi. The lender has recorded a rise in customer deposits. PHOTO | FILE
K-Rep Bank, majority owned by investment firm Centum, has recorded a 27.5 per cent net profit drop in the year ended December on the back of higher interest expenses.
The lender, which is set to rebrand to Sidian Bank beginning next month, said its net profit in the period stood at Sh372.3 million compared to Sh514 million the year before.
