Fitch accords KCB stable outlook on solid earnings

KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG

Global rating agency Fitch has accorded KCB Group #ticker:KCB a stable outlook with a B+ score, on the back of solid earnings and a strong capital buffer.

The agency also cited the bank’s strong domestic retail and corporate franchise and management quality, a well-structured deposit-based funding model, high level of liquidity assets and stable customer deposits.

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