Billions KCB, Equity, Co-op and Other Banks Have Made in Profits This Year [LIST]

Top Kenyan banks listed on the Nairobi Securities Exchange (NSE) have published their financial results for the first half of the 2025 financial year, offering a glimpse into how the country’s largest lenders are performing amid tough economic conditions.

The reports reveal how each bank fared in profitability, asset growth, loan performance, and customer deposits, alongside announcements on dividends and strategic shifts.

The Kenya Times compiled a detailed summary of the profits and key highlights from each bank for the six months ended June 30, 2025.

Equity Group – Ksh34.6 billion

Equity Group reported the highest profit among its peers, posting a profit after tax of Ksh34.6 billion, marking a 17% rise from Ksh29.6 billion recorded in a similar period last year.

The impressive growth was driven by a 9% increase in net interest income, coupled with an 18% reduction in interest expenses.

Despite a challenging economic landscape, Equity’s loan book expanded by 4% to Ksh825.1 billion, while customer deposits rose by 2% to Ksh1.32 trillion. Total assets grew to Ksh1.8 trillion, a 3% increase.

In the second quarter alone, the bank recorded Ksh22.9 billion in profits—its strongest quarterly performance in four years. “The four-year Group business transformation journey has started to deliver consistent quarter-on-quarter improvements,” Equity Group noted.

The lender’s Kenyan operations saw profit after tax surge by 40% to Ksh19.5 billion, driven by strong growth in net interest income.

Its DRC subsidiary reported a 22% rise in profit to Ksh9.1 billion, while operations in Uganda, Rwanda, and Tanzania also delivered double-digit profit increases.

Commenting on the Half Year 2025 performance, Equity Group Managing Director and CEO, Dr. James Mwangi, said:

“The execution of the strategic business plan has started to reflect on the balance sheet and performance of the Group in agriculture, mining, manufacturing, trade and investment, and small and medium enterprises (SMEs) that populate the eco-systems of the formal sector in these value chains and is likely to significantly and increasingly transform the structure and performance of the Group. Continued execution has resulted in transformation of the balance sheet structure and the resultant profit and loss structure creating resilience in performance.”

KCB Group-Ksh31.5 billion

KCB Group came in second, announcing a Ksh31.5 billion net profit for the first half of 2025, up 7.9% from Ksh29.2 billion in H1 2024. The results, released on August 13, showed a revenue increase of 4.3%, mainly driven by a rise in net interest income from Ksh61.3 billion to Ksh69.1 billion.

“We are monitoring the developments in Ethiopia and doing sufficient evaluation… At the end of the day, we just have to get our customer experience right,” KCB CEO Paul Russo said.

While total assets slightly dipped by 0.4% to Ksh2 trillion and customer deposits dropped by 0.3% to Ksh1.5 trillion, loans and advances grew by 6.1% to Ksh1.1 trillion. The Group’s subsidiaries outside Kenya contributed 33.4% of total profits and 31.4% of the overall balance sheet.

Also Read: Why KCB and Equity Bank Should Merge

KCB shareholders are set to receive a Ksh4 per share dividend, made up of an interim dividend of Ksh2 and a special dividend of Ksh2, derived from the sale of the National Bank of Kenya.

Co-operative Bank – Ksh14.1 billion

Co-op Bank posted a net profit of Ksh14.1 billion, an 8.4% increase from Ksh13.0 billion last year. Profit before tax stood at Ksh19.7 billion, up from Ksh18.2 billion in 2024.

Customer deposits rose by 7.9% to Ksh547.7 billion, while net loans and advances grew by 4.2% to Ksh391.3 billion.

The bank’s total assets hit Ksh811.9 billion, reflecting a 13.2% growth. Shareholders’ funds surged by 23.4% to Ksh156.3 billion, supported by retained earnings of Ksh18.4 billion.

Operating income increased by 10.8% to Ksh43.5 billion, supported by a 23.1% rise in net interest income. Co-op Bank also improved its cost-to-income ratio to 44.9%, down from 59% in 2014.

“The Co-operative Bank Group remains steadfast in advancing its strategic priorities, firmly grounded in resilience and growth across diverse economic sectors,” said CEO Dr. Gideon Muriuki.

The bank’s subsidiaries added positively to the Group’s earnings. Co-op Trust Investment Services Ltd posted a Ksh360.8 million profit before tax with assets under management at Ksh461.7 billion.

Co-op Bancassurance delivered Ksh790.8 million in PBT, while Kingdom Bank and Kingdom Securities contributed Kshs491.1 million and Ksh63.2 million, respectively.

Absa Bank Kenya – Ksh11.7 billion

Absa Bank Kenya reported a 9% increase in net profit to Ksh11.7 billion, up from Ksh10.7 billion in the same period last year. This performance was supported by a 26.5% return on equity and growth in non-interest income, which rose to Ksh9.1 billion.

“Our results highlight the resilience of our operations and the relevance of our growth strategy centred on being the primary partner for our customers,” said Abdi Mohamed, Absa Kenya CEO. “We are unlocking value across both traditional and emerging revenue streams.”

Customer deposits increased by 2.3% to Ksh361 billion, while customer assets dropped by 3.6% to Ksh305 billion. Total assets rose by 10.4% to Ksh532 billion, even as net interest income fell by 2.9% to Ksh22.3 billion.

Also Read: Kenya-Tanzania Trade Tensions, EABL Changes, Banks Warned by Ruto and New Boda Prices

The bank declared an interim dividend of KSh0.20 per share, payable on October 15 to shareholders on record as of September 19.

Stanbic Bank – Ksh6.54 billion

Stanbic Bank posted a 9.3% drop in net profit to Ksh6.54 billion for the first half of 2025, as higher costs weighed on earnings. Profit before tax declined by 14.2%.

The bank’s net interest income fell by 5.8%, while non-interest income edged up by just 0.8%. Loans declined by 14.6%, customer deposits fell by 9.6%, and total assets dropped by 4.9%. Cost-to-income ratio rose to 48.3%.

“Our H1 2025 performance reflects measured progress in a shifting but improving economic environment. While these is a notable recovery from in Q1 performance, this outcomes reflect persistent margin pressure and the broader headwinds facing the industry, including subdued credit growth,” said Joshua Oigara, Stanbic Bank Kenya and South Sudan CEO.

Despite the decline in profit, Stanbic doubled its interim dividend per share to Ksh3.80, signaling confidence in future recovery.

Follow our WhatsApp Channel and X Account for real-time news updates.