profit – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Bandari Sacco Board Chair, Ken Sungu, receiving award for Best Cooperative Movement ,Sacco Stand from President William Ruto at 2025 Mombasa ASK Show.

Bandari DT SACCO posts higher profit as assets and lending grow in 2025

Sacco ReviewMarch 10, 202603 mins

Bandari DT Savings and Credit Cooperative Society Limited has reported improved financial performance for the financial year ended on December 31, 2025, with growth in profit, assets, dividends, and its loan portfolio. According to the latest financial results, the society’s profit for the year rose to Ksh 322 million in 2025, up from Ksh 263…

Ports SACCO reports higher profit as assets grow in 2025

Sacco ReviewJanuary 30, 202602 mins

Ports SACCO recorded a higher profit for the year ended December 31, 2025, posting Ksh455.3 million, up from Ksh444.2 million in 2024, according to audited financial statements. The SACCO’s total assets rose to Ksh12.3 billion from Ksh10.5 billion, while loans and advances increased to Ksh8 billion from Ksh7 billion. Members’ deposits also grew to Ksh7.1…

KCB Group posts Ksh47.3 billion profit for nine months ending September 2025

Sacco ReviewNovember 25, 202503 mins

KCB Group PLC has reported a profit after tax of Ksh47.3 billion for the nine months ending September 2025, a 3.5% increase from Ksh45.7 billion in the same period last year. The Group’s strong performance was driven by higher income across business lines and effective cost management, despite challenges in its markets. KCB’s balance sheet…

Equity Group reports 32 per cent third quarter profit resulting to Kshs 54.1 Billion

Sacco ReviewNovember 3, 202503 mins

Equity Group Holdings Plc has reported a 32% rise in Profit after Tax to Kshs 54.1 billion for the third quarter of 2025, up from Kshs 40.9 billion, driven by diversified revenue growth, cost efficiency, and strong regional performance. The Group’s return on equity stood at 26.4%, with return on assets at 4.1%. Net interest…

Co-op Bank half-year net profit soars to Ksh13 billion

Sacco ReviewAugust 19, 2024August 19, 202405 mins

Co-operative Bank of Kenya’s (Co-op Bank) net profit grew 7 per cent to Ksh12.99 billion for the half-year ending June 2024, driven by higher interest and non-interest income. The lender’s net earnings increased from Ksh12.14 billion reported during the same period last year. This growth was driven by a 10.7 per cent rise in net…

NCBA records first quarter net profit up five per cent to KSh5.3 billion

Sacco ReviewMay 25, 202402 mins

NCBA Group PLC recorded a profit after tax of KSh5.3 billion in its first quarter of 2024 financial results, representing a 5 per cent increase compared to Ksh5.1 billion reported during a similar period last year. It posted an operating income of KSh16 billion and a decline in loan impairment charges of 30.9 per cent…

CIC profits increase by 818 per cent to KSh1.4 billion in 2023

Sacco ReviewMay 15, 202402 mins

CIC Insurance Group’s 2023 profit after tax increased by 818 per cent of Sh1.4 billion as a result to the improved investment income and growth in insurance revenue. “The business maintained a growth trajectory driven by the execution of our transformational initiatives focusing on customer experience, performance management, operational efficiency, digital transformation, research and innovation,…

I&M Group dividend up as profit jumps to KSh12.6 billion

Sacco ReviewMarch 26, 2024March 26, 202402 mins

I&M Group bags net profit growth by 12.6 per cent from the financial year ending December 2023 amounting to KSh12.6 billion. The firm attributes the 15 per cent growth in its profits to an increase in its operating income. The Group has also increased dividends for the third straight year to KSh2.55 a share amounting…

KCB shareholders get zero dividends as profit declines

Sacco ReviewMarch 22, 2024March 27, 202402 mins

Kenya’s KCB Group posted a 15 per cent drop in pretax profit in 2023 to KSh48.5. Therefore, it announced it would not pay a dividend for the period in order to conserve capital. For the first time in 21 years, KCB Group shareholders will miss out on dividends after the bank reported a net profit to…

KCB to sell National Bank of Kenya

Sacco ReviewMarch 22, 2024March 22, 202402 mins

Kenya’s KCB Group has said it will sell its subsidiary National Bank of Kenya (NBK) to Nigeria’s Access Group. During an investor briefing on Wednesday March 30, the KCB’s Chief Executive Paul Russo, said the deal was struck at 1.25 times book value, but did not give the exact figure. He said, “The right thing to…