Prime

Credit Bank’s profit rises to Sh138 million

The bank cut its rate from 21.5 per cent to 14 per cent in the wake of the interest cap law towards the end of last year. FILE PHOTO | NMG

By  Bonface Otieno

Nation Media Group

Business Reporter

SME-focused Credit Bank’s profit after tax for the nine months to the end of September grew by 8.5 per cent.

The lender, which hired a new chief executive barely a month ago, saw its profit increase to Sh138.2 million from Sh127.36 million it posted in a similar period last year.

PAYE Tax Calculator

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

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