KCB Group has posted a 3pc increase in profit after tax to Ksh 47.3 billion in nine months of this year to September buoyed by strong revenue from loan interests.
According to chief executive officer Paul Russo, despite challenging operation environment, the giant lender posted a 4.5pc rise total revenue to Ksh 149.4 billion which was lifted by net interest income which surge by 12.4pc to Ksh 104.3 billion while earnings from non-interest income rose to Ksh 45.1 billion.
“Despite a tough operating environment in all our markets, we have delivered a strong performance showing the resilience of the Group,” said Russo.
“We continue to execute our business strategy that is anchored on ‘Transforming Today Together’ and build an agile business that is targeted at transforming the lives of our customers and delivering value for our shareholders and all other stakeholders.
Higher earnings from loan interests was on the backdrop of the lender’s giant loan book which grew by 7pc tp Ksh 1.24 trillion backed by building and construction, agriculture, manufacturing, energy and water sectors.
KCB says it also maintained a stable deposit franchise across all markets, closing the nine months at Ksh 1.52 trillion with a stable deposit mix.
The balance sheet expanded by 2.6pc to Ksh 2.04 trillion, despite the sale of National Bank of Kenya (NBK) in May 2025 to Nigeria’s Access Bank.
