The Lower Eastern Times Opening The Third Eye
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KCB Group Plc has posted a net profit of Sh16.53 billion for the first quarter ending March 2025, maintaining performance levels from the same period last year, when it recorded Sh16.48 billion, despite a tough economic climate.
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Total revenue rose by 2 percent to Sh49.4 billion, supported by a steady loan book. The Group’s total assets grew to Sh2.03 trillion, up from Sh1.99 trillion.
Subsidiaries outside Kenya contributed 32 percent of the profits, highlighting the Group’s increasing regional presence.
Operating expenses increased by 7.8 percent to Sh22.7 billion, mainly due to higher staff costs and ongoing investments in technology.
On the positive side, provisions for credit losses dropped by 11.3 percent, attributed to improved loan oversight and better collateral management.
The Group’s non-performing loan (NPL) ratio stood at 19.3 percent, with total gross NPLs at Sh233 billion.
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Customer loans amounted to Sh1.02 trillion, while deposits reached Sh1.4 trillion. Return on equity climbed to 23.3 percent, with shareholder equity rising 28.4 percent to Sh297.1 billion.
Group CEO Paul Russo commended the bank’s strong performance amid headwinds, while Board Chairman Dr. Joseph Kinyua noted the results reflect solid underlying fundamentals despite global and regional uncertainties.
