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KCB Group profit hits 24b as interest rate powers its growth

Kenya: Kenya Commercial Bank Group (KCB) has announced a 18.2 per cent rise in pre-tax profit pushed up by positive economic growth in the East Africa region which saw all its subsidiaries make a profit. This is despite a difficult business environment in South Sudan.

The gross profit for year ending December 2014 was Sh23.8 billion compared to Sh20.1 billion pre-tax profit for the previous financial year.

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