{{Kenya Commercial Bank (KCB), the country’s largest bank by assets, reported on Thursday a 16% rise in first-half pretax profit to 11.67 billion shillings ($133 million), driven by fees, commissions and foreign exchange trading income.}}<\/p>\n
Bad debts were more than targeted at 8.8% of the portfolio, Chief Executive Joshua Oigara said, but added the outlook had brightened after the Kenyan government had paid contractors following earlier delays.<\/p>\n
The full-year target for non-performing loans (NPL) ratio was 6 percent, but Oigara said he hoped the level could be brought lower. <\/p>\n
“The internal target is 4.5% for the NPL ratio,” he told an investor briefing.<\/p>\n
Fees and commission income rose 13% to 5.67 billion shillings, while income from foreign exchange trading rose 25% to 2.22 billion. <\/p>\n
Net interest income rose by 7% to 17.13 billion shillings.<\/p>\n
The bank also operates in Tanzania, Rwanda, Uganda, South Sudan and Burundi.<\/p>\n
($1 = 87.7500 Kenyan Shillings)<\/p>\n
{reuters}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Kenya Commercial Bank (KCB), the country’s largest bank by assets, reported on Thursday a 16% rise in first-half pretax profit to 11.67 billion shillings ($133 million), driven by fees, commissions and foreign exchange trading income.}} Bad debts were more than targeted at 8.8% of the portfolio, Chief Executive Joshua Oigara said, but added the outlook […]<\/p>\n","protected":false},"author":3,"featured_media":2000053320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-15642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000053320,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15642.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=15642"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000053320"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=15642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=15642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=15642"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=15642"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=15642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}