NAIROBI, Kenya, May 21 – KCB Group Plc has reported a profit after tax of Sh16.53 billion for the first quarter ended March 2025, matching last year’s Sh16.48 billion despite a challenging operating environment.
Total revenue rose by 2 percent to Sh49.4 billion, supported by a stable loan portfolio, with the Group’s balance sheet expanding to Sh2.03 trillion, up from Sh1.99 trillion.
Profit contributions from subsidiaries outside Kenya rose to 32 percent, underscoring KCB’s growing regional footprint.
Operating costs grew 7.8 percent to Sh22.7 billion, driven by staffing expenses and tech investments.
However, provisions for credit losses declined 11.3 percent due to better loan monitoring and collateral strategies. The Group’s NPL ratio stood at 19.3 percent, with gross NPLs at Sh233 billion.
Customer loans and deposits stood at Sh1.02 trillion and Sh1.4 trillion, respectively. Return on equity hit 23.3 percent, with shareholder equity increasing by 28.4 percent to Sh297.1 billion.
Group CEO Paul Russo praised the Group’s resilience, while Chairman Dr. Joseph Kinyua said the results show strong fundamentals despite ongoing global and regional challenges.
