KCB Group (KCB) Q3 2025 earnings summary

Executive summary

• Balance sheet expanded by 3% to Ksh 2.0 trillion, with net loans up 8% and customer deposits down 1% due to strategic rebalancing and NBK divestiture.

• Total assets reached Kshs 1.40 trillion as of 30 September 2025, up from Kshs 1.33 trillion a year earlier, reflecting strong balance sheet growth.

• Group net profit rose 3% year-over-year to Ksh 47.3 billion, supported by 12% growth in net interest income and prudent cost management.

• Profit after tax for the nine months ended 30 September 2025 was Kshs 33.8 billion, compared to Kshs 22.9 billion for the same period last year, indicating robust earnings growth.

• Digital channels accounted for 99% of transactions, with significant growth in mobile and agency banking.

Financial highlights

• Net interest income increased by 12% year-over-year, while non-funded income declined 10% due to lower FX income.

• Net interest income for the nine months was Kshs 72.1 billion, up from Kshs 46.7 billion year-over-year.

• Cost to income ratio improved to 46.2% from 47.4% in Q3 2024, reflecting positive jaws and cost discipline.

• Group NPL ratio decreased by 150bps to 17.8% between Q1 and Q3 2025, with NPL stock down by Ksh 11.2 billion.

• Profit before tax stood at Kshs 43.9 billion, up from Kshs 28.4 billion for the same period last year.

Outlook and guidance

• FY 2025 guidance targets NPL ratio of 14–16%, cost/income ratio of 43–45%, and ROE of 22–24%.

• Focus areas for Q4 include NPL resolution and deposit mobilization.

• The Board approved the financial statements on 19 November 2025, signaling confidence in ongoing performance.