KCB posts Sh19.7bn net profit, says rate cap law ate into
1 weeks ago, 08:56
KCB Group #ticker:KCB has announced Sh19.7 billion in net profit for 2017, a flat year-on-year performance which the lender attributed to effects of the interest rate capping law and . The tier one lender’s interest income from loans and advances dipped by Sh39 million despite its loan book growing 10 per cent growth to close the year at Sh422.7 billion. Flight to safety KCB recorded an 11.5 per cent growth in customer deposits to Sh449.6 million, with the lender attributing this to the continui ...
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