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KCB GROUP RECLAIMS MOST PROFITABLE BANK IN EAST AFRICA WITH 69% RISE IN Q1 2024 NET PROFIT TO KES. 16.5 BILLION

KCB Group PLC recorded a 69% growth in net profit to KShs. 16.5 billion in Q1 2024 from KShs. 9.8 billion, regaining its position as East Africa’s most profitable Bank and cementing leadership as the largest lender by assets. The performance—a historic quarterly milestone—which was boosted by revenue growth across the Group network, also saw the balance sheet close the quarter at KShs.2.0 trillion, from KShs.1.6 trillion

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