NAIROBI (Reuters) – Kenya’s KCB Group said on Tuesday its nine-month pretax profit rose to 43.3 billion shillings ($355 million) from 35.8 billion shillings in the year earlier period, helped by rising interest income and falling provisions for bad loans.
The bank, which also operates in Tanzania, South Sudan, Uganda, Rwanda and Burundi said its net profit rose 21% to 30.6 billion Kenyan shillings.
Net interest income rose to 61.6 billion shillings from 56.4 billion shillings, while its loan-loss provisions fell to 7.3 billion shillings from 9.3 billion shillings.
($1 = 121.9000 Kenyan shillings)
(Reporting by George Obulutsa; Editing by Mark Potter)
