KCB Posts Sh8.5 Billion Profits Ahead of Equity

[The Star]KENYA Commercial Bank reported a Sh8.5 billion in profits before tax for the half year ended June 30 ahead of Equity Bank's Sh7.6 billion. KCB's pre-tax profits grew by 49 per cent, up from Sh5.7 billion, attributable to better cost management and leveraging on technology use. The group posted an after tax profit of Sh6.09 billion, 50 per cent up from Sh4.06 billion reported previously.