KCB half-year: profit before tax Sh49.3bn, interim dividend Sh9.5bn
Key points
- Profit before tax: Sh49.3 billion for six months to June 2026, up 20.8%.
- Interim dividend: Sh3 a share (from Sh2), 50% higher, Sh9.5 billion in total, payable November 2026.
- Total income Sh108 billion (+10%): net interest +7%, non-funded income +15% to Sh34.1 billion; funded income put at Sh74 billion.
- Gross NPLs down Sh17.3 billion to Sh203.8 billion; NPL ratio 15.1% from 18.7%. Assets Sh2.3 trillion; deposits Sh1.7 trillion; gross loans Sh1.3 trillion.
Sh49.3 billion before tax, and Sh9.5 billion earmarked for an interim cheque in November. That is the half-year KCB Group put out for the six months to June 2026, KBC reported on 12 August.
The board lifted the interim dividend from Sh2 to Sh3 a share — 50 per cent more than last year — to be paid in November 2026. Chief executive Paul Russo tied the print to a “diversified business model” and a regional book. Total income rose 10 per cent to Sh108 billion: net interest up 7 per cent, non-funded income up 15 per cent to Sh34.1 billion, funded income listed at Ksh 74 billion. Gross non-performing loans were cut by Sh17.3 billion, from Sh221 billion a year earlier to Sh203.8 billion; the NPL ratio eased to 15.1 per cent from 18.7 per cent. The bank credited rehabilitation, recoveries and tighter credit risk. Chairman Joseph Kinyua called it “disciplined execution.” Total assets grew 16.8 per cent to Sh2.3 trillion, on deposits up 15.1 per cent to Sh1.7 trillion and gross loans up 14.2 per cent to Sh1.3 trillion. A 15.1 per cent NPL line is still heavy by old Kenyan comfort; the Sh9.5 billion payout is a board vote, not cash in a CDS account until November. Shareholders should read the full H1 pack for the tax line and any extra provisions the summary skipped.
A November date is not a cleared cheque
Sh3 a share needs the register date. CMA and NSE filings, not a KBC paragraph, are the document that pays.
Finance desk: Finance. Verified Sh49.3bn, 20.8%, Sh3/Sh9.5bn, 15.1% NPL and Sh2.3tn assets from KBC / KCB as cited.
KCB should post the H1 statement and the dividend timetable. NSE should show the ex-div date when the board files it.
Investors should treat November 2026 as the diary fact and wait for the official notice.
Readers should cross-check any deadline, fee, court date or programme claim against primary gazettes, agency circulars and court records before acting on this report.
Official gazettes, court rulings and agency circulars may update these facts after publication; readers should verify any deadline, fee or court date against primary sources before acting.
Based on KBC reporting of KCB’s half-year figures. Dividend payment still depends on the official notice.
