KCB Group beats Equity with Sh44.5bn nine-month profit

KCB Group CEO Paul Russo during the release of financial results for the nine months to September at Kencom, Nairobi on November 20, 2024.

Photo credit: Francis Nderitu | Nation Media Group

KCB Group net profit for the first nine months ended September 2024 grew by 48.7 percent to Sh44.5 billion, keeping it ahead of its closest rival Equity Group.

The growth in net earnings from Sh29.9 billion was faster than that of Equity, whose net profit rose 13.6 percent to Sh39.3 billion.

PAYE Tax Calculator

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