KCB Group has posted a profit after tax of KSh 47.3Bn for the nine months to September 2025 on stronger interest income, tighter cost control and long‑term structural expansion across the balance sheet.
- •Group profit after tax has risen from KSh 1.58Bn in 2006 to KSh 47.32Bn in 2025, with a sharp rebound after the 2020 Covid dip.
- •Subsidiaries outside Kenya contributed 35% of Group PBT and 31% of the balance sheet.
- •Customer deposits held at KSh 1.52T, having increased from KSh 71.8Bn in 2006, with the 2025 decline marking the second straight YoY drop and the longest dip on record.
Net interest income grew 12.4 percent to KSh 104.3Bn. NII has expanded from KSh 4.69Bn in 2006, doubled since 2020 and lifted sharply after years of stagnation between 2016 and 2019.
Non‑interest income fell 10.1 percent to KSh 45.1Bn, the first YoY dip since 2016. Despite the drop, NII‑F remains far above historical levels, rising from KSh 3.73Bn in 2006 and climbing strongly between 2010 and 2015 and again after 2020.
Total operating income grew by 4.5% YoY to KSh 149.4Bn. The metric has risen from KSh 8.42Bn in 2006 to today’s level, with a sharp lift after 2020 following years of slower growth between 2016 and 2019.
Digital transactions helped defend fee income after lower FX volumes and reduced activity from TMB’s DRC branch closures. Cost growth stayed low at 2.0 percent, improving the cost‑to‑income ratio to 46.2 percent.
Subsidiary Performance and Balance Sheet Trends
The non‑banking subsidiaries maintained strong traction. KCB Bancassurance earned KSh 0.833Bn. KCB Investment Bank earned KSh 0.230Bn. KCB Asset Management earned KSh 0.118Bn.
- •Assets closed at KSh 2.04T, up 2.6 percent and on a like‑for‑like basis excluding NBK, assets grew 10.9 percent.
- •Gross loans remained sticky increasing 7% to KSh 1.24T, driven by lending to building and construction, agriculture, manufacturing, energy and water.
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- •Asset quality improved with the NPL ratio eased to 17.8 percent from 18.5 percent due to recoveries and the NBK sale.
| Metric | Sept 30, 2025 | Sept 30, 2024 | YoY |
|---|---|---|---|
| Net Interest Income | 104.34Bn | 92.80Bn | ▲ +12.4% |
| Non-Interest Income | 45.09Bn | 50.15Bn | ▼ -10.1% |
| Operating Income | 149.43Bn | 142.95Bn | ▲ +4.5% |
| Operating Expenses | 87.35Bn | 85.51Bn | ▲ +2.1% |
| Loan Loss Provision | 18.26Bn | 17.78Bn | ▲ +4.2% |
| Profit Before Tax | 62.08Bn | 57.43Bn | ▲ +8.1% |
| Profit After Tax | 47.32Bn | 44.50Bn | ▲ +6.9% |
| Total Assets | 2.044T | 1.993T | ▲ +2.6% |
| Total Equity | 308.51Bn | 248.95Bn | ▲ +23.9% |
| Customer Deposits | 1.526T | 1.538T | ▼ -0.8% |
| Loans & Advances (Net) | 1.140T | 1.053T | ▲ +8.2% |
| Gross NPLs | 222.07Bn | 215.30Bn | ▲ +3.1% |
| EPS | 19.12 | 18.99 | ▲ +0.7% |
Management expects a strong year‑end finish supported by digital adoption, strong capital levels and regional earnings.
