KCB Group injects extra Sh1.2bn in Ugandan unit

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KCB Group CEO Paul Russo during the bank's 2022 full-year financial results investor briefing on March 16, 2023. PHOTO | DENNIS ONSONGO | NMG

KCB Group has disclosed an additional Sh1.2 billion equity investment in the Ugandan unit during the financial year ended December 2022 as it moved to strengthen its subsidiaries.

The equity investment, disclosed in the latest KCB annual report, pushed the value of investment in KCB Bank Uganda to Sh4.34 billion from Sh3.14 billion in the previous year.

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