KCB Group #ticker:KCB, Kenya’s largest bank by assets, has announced a 5.03 per cent growth in third quarter net profit to Sh15.1 billion, helped by cost cutting and a strong growth in transactions income.
The lender defied a 3.6 per cent total interest income drop to Sh46.8 billion to post positive profit growth at a time when most banks have been announcing a decline in earnings following last year’s interest rates cap.
