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KCB Group net profit for the full-year to December 2019 grew by 4.8 percent to Sh25.1 billion from Sh23.99 billion the previous year bolstered by growth in interest income from consolidated book with National Bank of Kenya
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The lender's assets stand at Sh898.5 billion from Sh714.3 billion edging it closer to the Sh1 trillion psychological mark for the country's largest bank by assets.
The Group's net interest income expanded 14.9 percent to Sh56.1 billion last year from Sh48.8 billion in 2018. The growth was supported by a 17.4 percent increase in the loan book to Sh535.3 billion from Sh455.8 billion as the bank prepares to take advantage of the removal of the interest rate caps to improve earnings.
