KCB Group Plc recorded KES 47.3 billion in after-tax profit for the nine months ended September 2025, from KES 45.8 billion in September 2024, registering a marginal year-on-year growth of 3.4%, mainly driven by higher income across business lines and well-managed costs.
Net Interest Income (NII) climbed 12.4% to KES 104.3 billion from KES 92.8 billion, supported by declines in interest expenses. During the review period, total interest expenses dropped by 17.6% to KES 46.32 billion, as a result of the declining interest rates, with the Central Bank Rate (CBR) now at 9.25% as of October 2025, following 8 consecutive cuts totalling 375 bps since January 2024.
Total interest income grew by 1.1% to KES 150.7 billion, underpinned by 0.4% and 5.0% growth in interest income from loans and advances and government securities, respectively. Interest income from loans and advances rose to KES 104.5 billion from KES 104.1 billion, while that from government securities grew to KES 39.6 billion from KES 37.7 billion in a similar period the previous year, signalling alignment with the current government yields in the operating environment. Non-interest income closed the period at KES 45.1 billion, a decline from KES 50.1 billion in Q3 2024, mainly weighed down by a significant 40.1% drop in foreign exchange trading income.
KCB Group’s operating expenses grew at a slower 2.6% to KES 87.7 billion from KES 85.5 billion in September 2024, signalling the Group’s prudent cost management.
Profit Before Tax (PBT) nudged upwards 8.1% to KES 62.1 billion. KCB Group subsidiaries, excluding KCB Bank Kenya, maintained a strong performance, with their profit before tax accounting for 35.0% of the overall Group earnings and 31.3% of the Group balance sheet. The three non-banking subsidiaries delivered strong PBT performance — KCB Bancassurance Intermediary (KES 833 million, representing 16% growth), KCB Investment Bank (KES 230 million, representing 90% growth), and KCB Asset Management (KES 118 million, representing 71% growth).
KCB Group’s Balance Sheet
The Group’s asset base expanded 2.6% to KES 2.04 trillion, despite the sale of National Bank of Kenya (NBK) to Nigerian-based lender Access Bank in May 2025. Customer deposits slid 0.8% to KES 1.53 trillion, while loans and advances inched up to KES 1.14 trillion, signalling increased loan uptake. Loan to Deposit Ratio (LDR) stood at 74.5%, up from 68.5% in Q3 2024.
Shareholders’ funds rose sharply by 23.9% to KES 308.5 billion, powered by retained earnings, which increased by 19.2% to KES 282.4 billion from KES 236.9 billion as of Q3 2024.
Improved asset quality
KCB Group’s Non-Performing Loans (NPL) Ratio stood at 17.8% down from 18.5% in September 2024, buoyed by recovery actions and the sale of NBK. Net non-performing loans dropped by 8.7% to KES 71.2 billion. The Group is targeting a NPL ratio of between 14% – 16% as of the end of the year.
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Key Ratios
Return on Equity (ROAE) stood at 21.6% while Return on Assets (ROA) was at 3.1%. Cost-to-Income (CIR) dropped to 46.2% from 47.4% last year, highlighting effective cost control. KCB Group’s liquidity ratio stood at 46.7% more than double the minimum statutory requirement. The Group’s core capital as a proportion of total risk-weighted assets stood at 17.0% against the statutory minimum of 10.5% while the total capital to total risk-weighted assets ratio was at 19.6% against a regulatory minimum of 14.5%.
