KCB Group PLC has reported a Ksh. 45.8 billion in profit after tax for the first nine months of the year, representing a 49% growth from the Ksh. 30.7 billion posted a similar period last year.

In the previous Financial Year, Deposits increased to Ksh1.7 trillion from Ksh922 billion in Quarter 3 2022 pushing up the balance sheet past the Ksh2 trillion mark to Ksh2.1 trillion, a record high for the region.

The lender said, this was driven by organic growth in demand and term deposits in the existing business and the consolidation of the group’s DRC subsidiary Trust Merchant Bank (TMB) which was acquired in December 2022.