KCB Group grows profits by 49% as total assets hit $15.4 billion

KCB Group, Kenya’s biggest bank, grew its profits by 49% in the first nine months of 2024, driven by income growth. It reported KES 45.8 billion ($354 million) in profits compared to KES 30.7 billion ($238 million) in the same period last year.

Its revenue also jumped by 22% to KES 142.9 billion ($1.1 billion), including contributions from both lending and non-lending activities such as…

CONTINUE READING»