Kenyan banks' regional subsidiaries significantly boosted profits in 2024, with the Democratic Republic of Congo (DRC) emerging as the primary growth driver, despite a reduction in physical branches.

• Total profit before tax for subsidiaries rose by 10.9% to KSh 73.36 billion in 2024 from KSh 66.13 billion in 2023.
• The number of operational branches across the East African Community (EAC) decreased by 10.4% to 586 branches by December 2024.
• DRC contributed nearly half of the total earnings, with its profit increasing to KSh 33.5 billion in 2024.
• The workforce of subsidiaries expanded by 11.8% to 12,811 employees by the end of 2024, with DRC alone employing 3,754 people.