KCB half year profit up 20% as investors await Ksh 9.5B pay
KCB Group investors are set to pocket Ksh 9.5 billion as interim dividend after the bank reported a 20.8% increase in profit before tax to Ksh 49.3 billion. According to the bank, the board approved the interim dividend of Ksh 3 per share from Ksh 2, which is 50% higher compared to last year and […] The post KCB half year profit up 20% as investors await Ksh 9.5B pay appeared first on KBC Digital…
The KCB Group reported a 20.8% increase in profit before tax, reaching Ksh 49.3 billion for the half year ending in June. In response, the board approved an interim dividend of Ksh 3 per share, a 50% increase from the previous quarter, which will be paid out to shareholders in November 2026. This comes after a strong half-year performance fueled by a 10% growth in total income to Ksh 108 billion, driven by a 7% rise in net interest income and a 15% increase in non-funded income to Ksh 34.1 billion.
KCB Group CEO Paul Russo attributed the success to the resilience of the bank's diversified business model, regional presence, and customer trust. The bank also managed to reduce its bad loan stock by 7.8%, down to Ksh 203.8 billion from Ksh 221 billion, and the NPL to gross loans ratio improved to 15.1% from 18.7%. Total assets grew by 16.8% to Ksh 2.3 trillion, with customer deposits increasing by 15.1% to Ksh 1.7 trillion and gross loans rising by 14.2% to Ksh 1.3 trillion.
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