Kenya’s KCB Group’s pretax profit falls 15% in 2023

NAIROBI (Reuters) – Kenya’s second biggest lender by assets KCB Group posted a 15% drop in pretax profit for last year to 48.5 billion shillings ($367.42 million), it said on Wednesday, weighed on by higher provisions for bad debts and other costs.

($1 = 132.0000 Kenyan shillings)

(Reporting by Duncan Miriri; Editing by Kirsten Donovan)

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