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KCB first quarter profit jumps to Sh9.9 billion

Joshua Oigara

KCB Group CEO Joshua Oigara (centre), chairman Andrew Kairu (right) and CFO Lawrence Kimathi during the announcement of the bank’s full-year results on on March 16, 2022. PHOTO | DIANA NGILA | NMG

By  BRIAN NGUGI

KCB Group net earnings grew by more than half in the first quarter ended March, helped by higher interest and non-interest income and lower loan loss provisions.

The lender’s net profit in the period stood at Sh9.9 billion, up from Sh6.4 billion the year before.

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

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