KCB Group posts 11pc profit growth to Sh18b in quarter 1
KCB protected its bottom line through a surge in digital loan disbursements and booming foreign exchange income...
✨ Key Highlights
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.
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Equity Bank Posts 23.8pc Profit Growth to Sh18.3bn - May 2026
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. KCB Group also reported strong performance with a 10.7% increase in net profit to Sh17.81 billion for the same quarter, while its pre-tax profit rose 15.3% to Sh24.4 billion despite a challenging business environment. Sidian Bank contributed to the banking sector momentum, posting a 9.0% increase in profit after tax to Sh607.03 million, with deposits jumping to Sh74 billion on the back of expanded net interest income and balance sheet growth.
