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KCB net profit rises to Sh25.1 billion on high interest income
KCB Group CEO Joshua Oigara (left) and chairman Andrew Kairu during the release of the bank's full-year 2019 results at Radisson Blu, Nairobi on March 12, 2020. PHOTO | DIANA NGILA | NMG
KCB Group #ticker:KCB net profit for the full-year to December 2019 grew by 4.8 percent to Sh25.1 billion from Sh23.99 billion the previous year bolstered by growth in interest income from consolidated book with National Bank of Kenya #ticker:NBK.
The lender's assets stand at Sh898.5 billion from Sh714.3 billion edging it closer to the Sh1 trillion psychological mark for the country's largest bank by assets.
