KCB Group has announced Sh36.1 billion net profit for the first six months of the current financial year. This KCB Group half year 2026 net profit was an increase of 15 percent from the Sh31.5 billion net profit that was recorded in the same period the previous year.
This net profit was derived from a profit before tax of Sh49.3 billion which represented an increase of 20.8 percent driven by strong income growth and cost management.
“The business across markets remains resilient despite the tough operating environment in key markets like Kenya. Despite this, we have placed our customers at the fore, to ensure we meet their needs in a timely manner,” said KCB Group Finance Director Lawrence Kimathi.
During the period under review, customer loans increased by 13.3 percent to Sh1.24 trillion while customer deposits went up by 15.1 percent to Sh1.7 trillion. In the same period the previous year, customer loans and advances stood at Sh1.1 trillion while customer deposits were Sh1.5 trillion.
According to Mr. Kimathi, the bulk of deposits in the first half of 2026 came from current accounts which accounted for 15 percent growth. The banking group’s total assets went up by 16.8 percent to settle at Sh2.3 trillion in the first six months of the financial year.
Total income went up by 9.5 percent to Sh108.1 billion. In the same period, the lender’s stock of gross non-performing loans (NPLs) reduced by Sh17.3 billion to close at Sh203.8 billion from Sh221.1 billion that was recorded in the same period the previous financial year.
“Our strong half-year performance reflects the resilience of KCB Group’s diversified business model, the strength of our regional footprint, and the confidence our customers continue to place in us,” said KCB Group chief executive officer Paul Russo.
See More: KCB Group in Sh68.4 billion full year 2025 net profit, pays Sh3 additional dividend
“Despite a tough operating environment, we remain committed to supporting businesses and households, accelerating digital transformation and creating long-term sustainable value for our shareholders and the communities which we serve.”
Following these results, the bank recommended an interim dividend of Sh3 per share. This dividend will be paid out on or about November 10 this year. The performance of the bank during the first six months of the year and the dividend announcement came on the day the bank’s stock at the Nairobi Securities Exchange (NSE) climbed to Sh86 per share, which was just one shilling per share shy of a fresh 52-week year.
