Kenya: KCB profit falls to Sh19.6bn on increased bad loans provision
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KCB Group’s net profit declined 22 per cent to Sh19.6 billion in the year ended December on the back of increased provisions for coronavirus-related defaults.
1M | 3M | YTD | 1Y | 2Y |
-2.97% | -3.07% | +19.01% | +2.45% | -12.26% |
Value Traded (Mln KES) 86.75 |
Volume 6,479,300 |
Transactions - |
Market Cap. (Bln KES) 1,625.98 |
KCB Group’s net profit declined 22 per cent to Sh19.6 billion in the year ended December on the back of increased provisions for coronavirus-related defaults.
Co-operative Bank shareholders are set for a Sh5.86 billion dividend after the lender retained the payout despite full-year net profit declining by 24.4 percent on increased provisions for loan defaults.
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Homeboyz Entertainment Plc, an entertainment company in East Africa, says that its net profit for the year ending December 31st 2020 is expected to be considerably lower than the net profit reported at the end of December 31st 2019. In 2019, Homeboyz entertainment posted a net profit of KSh36.6 million.