KCB first quarter net profit flat at Sh16bn

KCB Group CEO Paul Russo

KCB Group CEO Paul Russo makes his remarks during the release of the 2024 first quarter financial results on May 22, 2024.

Photo credit: Francis Nderitu | Nation Media Group

KCB Group posted a net profit of Sh16.09 billion in the first quarter ended March 2025, nearly matching last year’s performance during the same period as non-interest income retreated and operating expenses rose.

The latest net profit compares with Sh16.06 billion net earnings in the first quarter of 2024 and was supported by an 8.6 percent rise in net interest income to Sh33.72 billion from Sh31.06 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.