KCB Group PLC has announced a gross profit of Ksh 49.3 billion for the first half of 2026, marking a 20.8% increase compared to the previous year. This performance was driven by robust income growth alongside disciplined cost management.
The bank's total assets expanded by 16.8% to Ksh 2.3 trillion, supported by customer deposits amounting to Ksh 1.7 trillion and gross loans totaling Ksh 1.3 trillion.
Reflecting confidence in its growth, the Board declared Ksh 9.64 billion in dividends, with interim dividends rising 50% to Ksh 3.00 per share from Ksh 2.00 per share paid in 2025.
Group CEO Paul Russo highlighted the bank's commitment to expanding its regional presence and supporting customers despite challenging market conditions. He stated, "We remain dedicated to backing businesses and households, accelerating digital transformation, and creating sustainable value for shareholders and communities."
Regional and Financial Highlights
- Regional subsidiaries accounted for 27.7% of profits and 31.1% of the total balance sheet.
- Total income rose to Ksh 108.1 billion, with non-funded income increasing to Ksh 34.1 billion and funded income to Ksh 74.0 billion.
- Gross Non-Performing Loans (NPLs) fell by Ksh 17.3 billion to Ksh 203.8 billion, reflecting improved credit risk management and facility rehabilitation.
- The loan-to-deposit ratio improved slightly to 78.8% from 79.5%, while Return on Assets (ROA) remained steady at 3.3%, indicating resilient balance sheet performance.
- Equity grew by 16.3%, rising from Ksh 306.8 billion in 2025 to Ksh 357.0 billion.
KCB’s strong half-year results underscore its strategic focus on sustainable growth and digital innovation across the region.
