KCB beats Safaricom in net assets

Kenya Commercial Bank Branch along Mama Ngina Street in Nairobi. 

Photo credit: File | Nation Media Group

KCB has edged ahead of Safaricom in the value of net assets after the consolidation of its Congo DRC acquisition and strong loan growth in other regional subsidiaries.

The lender’s net assets—total assets less total liabilities—rose to Sh206.28 billion by the end of December from Sh173.5 billion a year earlier, its full-year financials for 2022 show.

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Note: The results are not exact but very close to the actual.