KCB Group Posts KShs. 47.3 Billion Q3 Profit

KCB Group Posts KShs. 47.3 Billion Q3 Profit as Assets Hit KShs. 2.04 Trillion

Strong Group Performance Across Subsidiaries

KCB Group PLC posted KShs. 47.3 billion in profit after tax for the nine months ended September 2025. This growth was driven by higher income across business lines and disciplined cost management.

The Group’s balance sheet grew by 2.6% to KShs. 2.04 trillion, despite the sale of National Bank of Kenya (NBK) in May 2025. On a like-for-like basis, it expanded by 10.9%, highlighting the Group’s capacity to serve customers across its seven operating countries.

Gross loans and advances rose 7% to KShs. 1.24 trillion, focusing on key sectors such as building and construction, agriculture, manufacturing, energy, and water.

Subsidiaries outside KCB Kenya contributed 35% of the Group’s profit before tax and 31% of the balance sheet. Non-banking subsidiaries performed strongly, with KCB Bancassurance Intermediary reporting KShs.

833 million (16% growth), KCB Investment Bank KShs. 230 million (90% growth), and KCB Asset Management KShs. 118 million (71% growth).

KCB Group Posts KShs. 47.3 Billion Q3 Profit as Assets Hit KShs. 2.04 Trillion

CEO Commentary and Revenue Highlights

Group CEO Paul Russo said, “Despite a tough operating environment, we delivered strong results. We continue to execute our strategy, ‘Transforming Today Together,’ building an agile business that transforms lives and delivers value to shareholders.”

Total revenue grew 4.5% to KShs. 149.4 billion, supported by net interest income, which rose 12.4% to KShs. 104.3 billion.

Non-interest income stood at KShs. 45.1 billion. The Group’s new mobile banking app boosted transactions and strengthened digital revenue. Non-interest income contributed 30.2% of total revenue.

Total costs grew 2.0%, below the prevailing inflation rate, reducing the cost-to-income ratio to 46.2% from 47.4% last year. Deposits remained stable at KShs. 1.52 trillion.

Non-performing loans (NPLs) fell to 17.8% from 18.5%, supported by recovery efforts and the sale of NBK. The Group maintained strong capital and liquidity, with a core capital ratio of 17.0% and total capital ratio of 19.6%, both above regulatory minimums. Liquidity stood at 46.7%.

Return on equity was 21.6%, while return on assets was 3.1%. Total equity attributable to shareholders reached KShs. 308.5 billion.

Outlook and Strategic Developments
KCB Group Chairman Dr. Joseph Kinyua said, “We are optimistic about closing the year strong. The Group is well positioned to navigate the operating environment and deliver value for all stakeholders.”

Key developments include:

• On November 11, the Group paid a dividend of KShs. 4.00 per share, totaling KShs. 13 billion.

• On November 3, KCB invested in a minority stake in Pesapal Limited to accelerate digital commerce and inclusive growth.

• In October, KCB Bank Kenya partnered with the Kenya Investment Authority to support foreign investors.

• On October 7, KCB released its sustainability report, highlighting KShs. 53.2 billion in green loans, growing its green portfolio to 21.3%.

• In September, KCB and Afreximbank provided US$ 500 million and US$ 300 million, respectively, to support investors in the Vipingo Special Economic Zone.

• The sale of 100% of NBK shares to Access Bank concluded in May 2025.

• The Group continued supporting communities through corporate social investments.

KCB also received global recognition, including being named one of Africa’s fastest-growing companies by the Financial Times, reflecting its leadership in inclusive banking, cross-border innovation, and purpose-driven operations.