KCB Bank Uganda Net Profit Jumps 65% to UGX 49.3 Billion in 2025

KCB Bank Uganda posted a sharp rise in earnings for 2025, with net profit climbing 65% to UGX 49.3 billion from UGX 29.9 billion a year earlier, supported by strong balance sheet growth and improved cost control.

The lender’s total assets rose 28.2% to UGX 2.2 trillion, up from UGX 1.7 trillion in 2024, underpinned by a surge in customer deposits, which increased 33.9% to UGX 1.67 trillion. Deposit growth outpaced lending, providing a stable funding base.

On the asset side, KCB Uganda’s net loans and advances expanded 28.7% to UGX 1.16 trillion. The bank maintained a measured approach, with lending growth slightly below deposit expansion.

Total income grew 23.3% to UGX 297.4 billion, driven by higher lending volumes and stronger performance across core banking lines. At the same time, operating discipline kept costs in check, with expenses rising 14.8% to UGX 230.2 billion.

The resulting operating leverage lifted profit before tax by 64.9% to UGX 67.1 billion, translating into the year’s gain in net profit.

Strategy under Byamah Edgar

The 2025 performance reflects a multi-year transformation at KCB Uganda led by Managing Director Byamah Edgar, who assumed leadership in 2019.

Using 2018 as a baseline, the bank has scaled from UGX 686 billion in assets and UGX 9.6 billion in earnings to a UGX 2.2 trillion institution generating UGX 49.3 billion in net profit.

Growth has been anchored on a lending-focused strategy. Over the period, customer deposits have increased 3.4 times to UGX 1.67 trillion, while net loans and advances have grown more than fivefold to UGX 1.16 trillion. The expansion has supported revenue growth and repositioned the bank within Uganda’s competitive banking sector.

Byamah Edgar said the results stem from the lender’s long-term strategy. He stated that the 2025 performance reflects continued execution of the Transforming Today Together Strategy, which focuses on customer relevance, operational resilience, and sustainable growth.

Inclusion and Sustainability Efforts

Beyond financial performance, KCB Uganda has continued to invest in social and environmental initiatives. Through the Twekozese programme, the bank has supported more than 2,350 young people with technical and entrepreneurial skills, while also expanding opportunities for women in these sectors.

Environmental initiatives have included planting over 15,000 trees, part of efforts to integrate sustainability into operations.

Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.