UPDATE 2-Kenya Commercial Bank eyes strong year after H1 jump

Tue Jul 13, 2010 1:20pm GMT

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* Expects all subsidiaries to break even in H2

* Halves bad debts, boosts loan book

* Net interest, fees up

* Analysts say results to support shares

* Upbeat on cash call results

(Recasts with outlook, adds shares, analysts)

By Duncan Miriri

NAIROBI, July 13 (Reuters) - Kenya Commercial Bank (KCB) (KCB.NR: Quote) raised interest income and fees to post a 16 percent jump in pretax profit for the first half and expects the momentum to grow in the second half, it said on Tuesday.

Ranked the largest bank in the country by assets, KCB made a gross profit of 4.2 billion shillings ($51 million), beating market expectations of just above a 10 percent increase, on the back of a 24 percent growth in net interest income. Continued...

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