List of 8 Banks Owned by KCB in Kenya, Other Countries, and Their 2024 Profits

The KCB Group has reported significant financial success for the first half of 2024 (HY1), showcasing a 6% increase in assets to KSh 1.98 trillion and an impressive 86% growth in profit after tax (PAT) to KSh 29.9 billion. The group’s eight subsidiary banks across Kenya, South Sudan, Rwanda, Tanzania, Burundi, Uganda, and the Democratic Republic of Congo played a crucial role in this growth. These subsidiaries collectively contributed 37.8% of KCB Group’s pre-tax profits and accounted for 34.4% of total assets.

KCB’s Eight Subsidiary Banks and Their 2024 Performance

1. KCB Bank Kenya
   • Managing Director: Annastacia Kimtai
   • Contribution: KSh 21.223 billion (71% of the group’s total PAT)
   • As the largest contributor, KCB Bank Kenya remains a key driver of the group’s profitability.
2. Trust Merchant Bank (DRC)
   • Managing Director: Oliver Meisenberg
   • Contribution: KSh 5.106 billion (17% of total PAT)
   • Trust Merchant Bank has shown remarkable growth, with a 66% year-on-year increase in profitability.
3. National Bank of Kenya (NBK)
   • Managing Director: George Odhiambo
   • Contribution: KSh 840 million (3% of total PAT)
   • NBK has experienced a strong turnaround under Odhiambo’s leadership.
4. BPR Bank Rwanda
   • Managing Director: Patience Mutesi
   • Contribution: KSh 1.382 billion (5% of total PAT)
   • BPR Bank Rwanda remains a significant contributor to the group’s financial success.
5. KCB Bank Tanzania
   • Managing Director: Cosmas Kimario
   • Contribution: KSh 1.285 billion (4% of total PAT)
   • KCB Bank Tanzania continues to perform solidly within the group.
6. KCB Bank Uganda
   • Managing Director: Edgar Byamah
   • Contribution: KSh 1.111 billion (4% of total PAT)
   • The bank’s financial performance has remained steady under Byamah’s leadership.
7. KCB Bank South Sudan
   • Managing Director: Jaldesa Roba
   • Contribution: KSh 834 million (84% year-on-year growth)
   • KCB Bank South Sudan is a rapidly growing entity, with significant potential for future expansion.
8. KCB Bank Burundi
   • Managing Director: Masika Mukule
   • Contribution: KSh 360 million
   • Though smaller in contribution, KCB Bank Burundi continues to add value to the group’s overall profitability.

With a total of 566 branches across these countries, KCB Group’s strategic expansion and operational efficiencies have bolstered its financial position across the region. The group’s subsidiaries are instrumental in its growth trajectory, contributing both to asset accumulation and profit generation.