Kenyan lender KCB Group's post-tax profit jumps 19.5% in 2022

NAIROBI (Reuters) - Kenyan lender KCB Group posted a 19.5% rise in its profit after tax for last year, it said on Wednesday, driven by a similar increase in its total revenue.

The bank, which also operates in neighboring markets Tanzania, Uganda, Rwanda, Burundi and South Sudan, said its income from transactions surged 39.8%, driven by trade finance and other commissions.

(Reporting by Duncan Miriri)