The Group’s performance was driven by improved operational efficiency, increased business and positive international business contribution.
Key Performance HighlightsCustomer Deposits: Up 3% from KShs. 279Billion to KShs. 288Billion
Total Assets: Up 6% from KShs. 349Billion to KShs. 371Billion
Cost to Income Ratio: Lower by 180bps from 56.4% to 54.6%.
Total Operating Expenses: Up 6% from KShs. 11.9Billion to KShs 12.7Billion
Net Interest Income: Up 12% from KShs. 14.3Billion to KShs. 16.1Billion
Fees and Commission: Up 9% from KShs. 4.6Billion to KShs 5.0Billion
International Business PBT: Up 72% from KShs 0.6Billion to KShs 1.1Billion
Shareholder Equity: Up 20% from KShs. 46.4Billion to KShs. 55.8Billion
KCB Group CEO, Mr. Joshua Oigara, has announced a KShs. 10.1Billion pretax profit for the Group for the first half of 2013, reflecting a 19% growth over the same period in 2012.
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