{{Kenya Commercial Bank KCB, has reported a 50% growth in profits after tax in the first half of the year helped by a growth in interest income}}.<\/p>\n
KCB on Thursday said its profits after tax rose to KSh6 billion in the six months to June from the KSh4 billion it reported in a similar period in 2011.<\/p>\n
\u201cWe attribute the performance to growth to in our revenues and prudent cost management,\u201d KCB Chief Executive Martin Oduor said in an interview at the sidelines of an investor briefing.<\/p>\n
Net interest income grew 36% to KSh14.3 billion from KSh10.5 billion earned in the previous year. <\/p>\n
KCB\u2019s total operating expenses grew by 16% to KSh11.9 billion compared to KSh10.2 reported in the previous year.<\/p>\n
KCB\u2019s balance sheet grew 25% to KSh349.3billion while its total shareholder funds now stands at KSh46.4 billion from KSh38.4billion in the previous period.<\/p>\n
However KCB increased its provisions of bad debts by 72% to KSh1.4billion a signal that it is preparing for higher risk of defaults on loans it booked during the from the turbulent macroeconomic conditions in the recent months. <\/p>\n","protected":false},"excerpt":{"rendered":"
{{Kenya Commercial Bank KCB, has reported a 50% growth in profits after tax in the first half of the year helped by a growth in interest income}}. KCB on Thursday said its profits after tax rose to KSh6 billion in the six months to June from the KSh4 billion it reported in a similar period […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-2806","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","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":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","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":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2806","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2806"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2806\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2806"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2806"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}