Kenya Commercial Bank (KCB) has recorded a 45.3 per cent increase in earnings for the nine months to September on the back of reduced inflation and its improved performance by its regional subsidiaries.
The bank on Thursday announced that net profit for the period stood at Sh9.3 billion compared to Sh6.4 billion recorded during a similar period last year.
KCB’s net interest income from customer loans also went up by 31 per cent to Sh21.7 billion an improvement from Sh16.6 billion earned in a similar period last year.
The bank, which was on Monday voted as the fifth best taxpayer in the country, announced that its regional markets earned a net profit of 680 million up from last year’s Sh430 million – a 58.1 per cent growth
