KCB Group has announced that it has reported a profit after tax of Ksh. 16.53 billion in the first quarter of the year ending March 2025. The profit after tax rose minimally compared to the Ksh. 16.48 billion the banking group reported in a similar period last year.
Total revenues rose 2% to KSh. 49.4 billion, while the Group’s balance sheet closed the period at KSh. 2.03 trillion, from KSh. 1.99 trillion on the back of a stable loan portfolio. The profit before tax contribution by the subsidiaries outside KCB Bank Kenya improved to 32%, resulting from the Group’s focus on deepening regional scale.
The lender’s net loan book expanded by 9% to KSh. 1.02 trillion, while customer deposits remained stable at KSh. 1.43 trillion. Net interest income saw a 9% increase to KSh 33.7 billion, driven by credit expansion and income from government securities. However, non-funded income declined by 10% to KSh. 15.7 billion, impacted by subdued foreign exchange and transaction activity.
Operating expenses rose marginally, pushing the cost-to-income ratio to 45.8% from 43.3% in Q1 2024. The NPL ratio increased to 19.3% from 18.2%, highlighting persistent credit risk challenges.
Q1 2025 Performance Summary
| Metric | Q1 2025 | Q1 2024 | YoY Change |
| Profit After Tax | KSh 16.5 Bn | KSh 16.5 Bn | ▬ 0% |
| Net Loans | KSh 1.02 Trn | KSh 935.6 Bn | ▲ 9% |
| Customer Deposits | KSh 1.43 Trn | KSh 1.40 Trn | ▲ 2% |
| Net Interest Income | KSh 33.7 Bn | KSh 31.1 Bn | ▲ 9% |
| Non-Funded Income | KSh 15.7 Bn | KSh 17.4 Bn | ▼ 10% |
| Cost-to-Income Ratio | 45.80% | 43.30% | ▲ 2.5 pp |
| NPL Ratio | 19.30% | 18.20% | ▲ 1.1 pp |
| EPS | KSh 5.99 | KSh 5.99 | ▬ Flat |
Subsidiary Performance Highlights
- Rwanda: Recorded KSh 1.6 billion Profit After Tax (PAT), a 30% year-on-year increase, with loan book growth of 12% primarily driven by SME lending.
- Tanzania: Delivered KSh 860 million PAT and reduced its cost-to-income ratio to 49% from 54%.
- DRC (TMB): Generated KSh 2.1 billion PAT and KSh 5.4 billion in operating income, boosted by FX trading.
- Burundi: Increased deposits by 15% to KSh 13.8 billion, maintaining PAT at approximately KSh 200 million.
- Uganda: Profit declined by 14% to KSh 600 million as loans contracted by 5% due to tighter risk controls.
- South Sudan: Posted KSh 90 million PAT, with deposits rising 10%, indicating resilience in its retail franchise.