KCB posts Sh5bn net profits in 3 months

Mr Joshua Oigara, KCB Group chief executive officer. file photo | nmg

KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending.

Kenya’s biggest bank said it had made Sh5.1 billion net profit in the review period compared to Sh4.5 billion a year earlier, riding on a 5.8 per cent loan book growth that raised interest income 11 per cent to Sh15.6 billion.

PAYE Tax Calculator

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