NAIROBI, Kenya, Aug 3 – KCB Group posted a pre-tax profit of KShs. 14.75 Billion for the first half ending June 2017, helped by a strong performance of its core retail and corporate business,
The Retail and Corporate loan book growth momentum that started late last year carried into the first half of 2017. This coupled with effective management of interest expense has cushioned the expected impact of interest rate capping in Kenya.
Following these results, the Board of Directors considered and approved payment of an interim dividend of Sh1 per share to be paid in the next 90 days. KCB Group CEO and MD Joshua Oigara said the KCB Group CEO and MD Joshua Oigara said the business, however, remained resilient, showing strong momentum for growth into the second half of the year, adding that the management has put up strategies to boost earnings largely through digital channels.