Equity Group Holdings has announced a significant 23.8% increase in profit after tax for the first quarter of 2026, reaching Sh18.3 billion, driven by cost-cutting measures and a digital shift.

• The group's asset base surpassed the Sh2 trillion mark.
• Key to the profit surge was a reported 19% drop in interest expenses, aided by a wider net interest margin, particularly in Kenya.
• The increased profitability was also attributed to a 9.6% decline in other operating expenses, a result of customers embracing self-service digital banking channels, as highlighted by Chief Executive Officer James Mwangi.

KCB Group announced a significant 15.3% increase in its pre-tax profit for the first quarter ended March 2026, reaching Sh24.4 billion. This growth was achieved despite a challenging business environment.

• Key Figure: Pre-tax profit rose to Sh24.4 billion from Sh21.2 billion year-on-year.
• Organization: KCB Group, led by CEO Paul Russo and Chairman Joseph Kinyua.
• Context: Profit growth was driven by higher operating income and strong subsidiary performance, with total operating income up 8.5% to Sh53.6 billion.

Sidian Bank has reported a 9.0 percent increase in profit after tax for the quarter ended March 31, 2026, reaching Sh607.03 million. This growth was propelled by a significant rise in net interest income and substantial expansion of its balance sheet.

• Customer deposits surged by 47.6 percent to Sh74.16 billion.
• The performance marks the first quarterly results under new CEO John Okulo.
• Growth has been significantly driven by public sector business, including its role as principal banker to Nairobi County Government.

KCB Group has announced a 10.7 percent increase in its net profit for the first quarter of the year, reaching Sh17.81 billion.

• The bank's profit growth was driven by increased interest and non-interest income, alongside a strong expansion of its loan book to Sh1.208 trillion.
• KCB Group CEO Paul Russo highlighted disciplined execution and digital innovation as key factors in the solid performance.
• Despite the positive results, KCB Group's net profit trails that of Equity Group, which posted Sh18.3 billion for the same period.