KCB Group #ticker:KCB profit for the first 6 months of 2019 hit Sh12.7 billion, up five percent compared to the same period last year despite loan loss provisioning nearly quadrupling to Sh3 billion.
The growth was a slower pace than the 18 percent rise that had been booked in the previous half-year, even as Group Chief Finance Officer Lawrence Kimathi played down the increased provisioning.
