KCB Group Plc on Wednesday posted a net profit of KShs 47.3 billion for the nine months ended September 2025, underscoring resilience in a tough operating environment.
The Group’s assets expanded to KShs 2.04 trillion, even after divesting from the National Bank of Kenya earlier this year.
Group CEO Paul Russo said, “Despite a tough operating environment in all our markets, we have delivered a strong performance showing the resilience of the Group. We continue to execute our business strategy anchored on ‘Transforming Today Together.’”
Key Financial Highlights (Q3 2025)
| Metric | Q3 2025 | Q3 2024 | Change |
|---|---|---|---|
| Net Profit (PAT) | KShs 47.3B | KShs 40.1B | ▲ 18% |
| Total Assets | KShs 2.04T | KShs 1.99T | ▲ 2.6% (10.9% like-for-like) |
| Gross Loans & Advances | KShs 1.24T | KShs 1.05T | ▲ 7% |
| Customer Deposits | KShs 1.52T | KShs 1.54T | Stable |
| Revenue | KShs 149.4B | KShs 142.9B | ▲ 4.5% |
| Net Interest Income | KShs 104.3B | KShs 92.8B | ▲ 12.4% |
| Non-Interest Income (NFI) | KShs 45.1B | KShs 50.1B | ▼ 10% |
| Cost-to-Income Ratio | 46.2% | 47.4% | Improved |
| NPL Ratio | 17.8% | 18.5% | ▼ 0.7pp |
| ROAE | 21.6% | 20.1% | ▲ |
| ROA | 3.1% | 2.9% | ▲ |
Subsidiaries & Non-Banking Units
- Regional subsidiaries contributed 35% of Group PBT and 31% of the balance sheet.
- Non-banking subsidiaries delivered strong growth:
- KCB Bancassurance: KShs 833M (▲16%)
- KCB Investment Bank: KShs 230M (▲90%)
- KCB Asset Management: KShs 118M (▲71%)
Digital & Operational Efficiency
- The launch of a new mobile banking app boosted transactions and digital onboarding.
- Non-funded income cushioned by digital channels despite FX and fee pressures.
- Costs grew just 2%, below inflation, improving efficiency.
Capital & Liquidity Buffers
- Core capital ratio: 17% (vs statutory 10.5%).
- Total capital ratio: 19.6% (vs minimum 14.5%).
- Liquidity ratio: 46.7%.
Outlook
Chairman Dr Joseph Kinyua noted, “We are optimistic that we will close the year strong. The Group is well positioned to navigate the impacts in the operating environment to deliver the best outcome for all our stakeholders.”
