KCB Group PLC

NASE:KCB Stock Report

Market Cap: KSh259.5b

KCB Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Paul Russo

Chief executive officer

KSh285.3m

Total compensation

CEO salary percentage30.12%
CEO tenure4.2yrs
CEO ownershipn/a
Management average tenure7yrs
Board average tenure5.9yrs

Recent management updates

Recent updates

Narrative Update • Jun 17

KCB: Higher Future P E Multiple Will Pressure Returns On Earnings Misses

The analyst fair value estimate for KCB Group has shifted from KES 62.85 to KES 72.87 as analysts factor in updated assumptions for revenue growth, profit margins, discount rates and future P/E expectations. What’s in the News for KCB Group No recent KCB Group company news, periodical coverage, or key developments were provided in the available sources.
Narrative Update • Jun 03

KCB: Stable Assumptions And Margin Resilience Will Support Stronger Future Earnings Power

Analysts have kept the KCB Group fair value estimate steady at KES126.07 per share. A slightly lower assumed discount rate and modest trims to revenue growth, profit margin, and future P/E inputs are guiding this unchanged price target.
Narrative Update • May 13

KCB: Higher Growth And Margin Assumptions Will Support Stronger Future Earnings Power

Analysts have raised their KCB Group price target to KES126.07, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that align with recent Street research. Analyst Commentary Recent Street research on cloud-focused stocks highlights how upbeat views can translate into higher price targets when analysts revisit discount rates, revenue assumptions and future P/E multiples.
Narrative Update • Apr 23

KCB: Higher Revenue Assumptions And Firm P/E Support Bullish Re Rating

Analysts have revised their KCB Group fair value estimate from KES 93.31 to KES 96.65, reflecting updated assumptions around revenue growth, profit margins, and forward P/E multiples. Analyst Commentary Recent fair value revisions for KCB Group signal that analysts are reassessing the balance between growth expectations, profitability assumptions, and the valuation multiples they are comfortable using.
Narrative Update • Apr 08

KCB: Revised Revenue And Margin Assumptions Will Support Higher Future Earnings Power

The analyst fair value estimate for KCB Group has shifted from KES 94.23 to KES 126.07, with analysts pointing to updated assumptions around revenue growth, profit margins, discount rates and future P/E as the key drivers behind the new price target. Analyst Commentary Recent research activity around KCB Group signals a clear shift toward more optimistic assumptions, with the updated fair value estimate reflecting the impact of revised revenue, margin and valuation inputs.
Narrative Update • Mar 25

KCB: Higher Future P E Multiple Will Pressure Returns On Earnings Misses

Analysts have raised their KCB Group fair value estimate from KES 50.75 to KES 62.85, attributing the updated target to revised assumptions on revenue growth, profit margins, and a higher future P/E multiple informed by recent sector research. Analyst Commentary Even with a higher fair value estimate for KCB Group, not all research voices are upbeat.
Narrative Update • Mar 10

KCB: Stable Assumptions And Future P/E Will Support Re Rating

Analysts have kept their KCB Group price target unchanged at KES 93.31, citing steady assumptions around revenue growth, profit margin and a future P/E of about 6.35x that are consistent with their earlier valuation work. Analyst Commentary Analysts covering KCB Group are generally framing their views around how well the bank can match its current valuation assumptions with consistent execution on growth and profitability.
Narrative Update • Feb 24

KCB: Higher Profitability Assumptions Will Support A Re Rating

Analysts have lifted their KCB Group price target from KES 63.50 to about KES 93.31. They point to updated assumptions around a slightly lower discount rate, higher forecast revenue growth, stronger profit margins, and a modestly higher future P/E multiple.
Narrative Update • Feb 09

KCB: Lower Discount Rate And Compressed Future P E Will Constrain Upside

Analysts have held their fair value estimate for KCB Group steady at KSh50.75, with minor updates to the discount rate, revenue growth, profit margin and future P/E assumptions guiding the latest price target revision. Valuation Changes Fair Value Estimate is unchanged at KSh50.75 per share, signaling a stable central valuation point in the model.
Narrative Update • Jan 26

KCB: Elevated Required Return And Low P E Will Likely Limit Upside

Analysts have maintained their fair value estimate for KCB Group at KSh 50.75, with the updated price target still grounded in relatively stable assumptions for revenue growth, profit margin and a forward P/E of about 3.42x. Valuation Changes Fair Value: Kept unchanged at KSh 50.75, reflecting consistent assumptions overall.
Narrative Update • Jan 10

KCB: Rich Multiple And Elevated Credit Costs Will Likely Pressure Earnings

Analysts have lifted their price target on KCB Group to KSh50.75, with the update linked to refreshed assumptions around revenue growth, profit margins and future P/E, even though the fair value estimate remains at KSh50.75. Valuation Changes Fair Value Estimate held steady at KSh50.75, with no change between the previous and updated model.
Narrative Update • Dec 14

KCB: Elevated Credit Costs Will Likely Pressure Future Earnings Quality

Analysts have raised their fair value estimate for KCB Group to KES 50.75 from KES 44.00 per share, citing improving revenue growth expectations, stronger projected profit margins, and a structurally lower future P/E multiple. Together, these factors support a higher long term price target despite a slightly higher discount rate.
New Narrative • Aug 17

Digital Banking Channels Will Transform East Africa

Key Takeaways Digital innovation and regional expansion into underbanked urban markets enhance customer growth, revenue diversification, and support sustainable margin improvement. Strategic focus on green finance, SME and retail banking, and economic integration boosts access to new income streams and strengthens long-term earnings potential.

CEO Compensation Analysis

How has Paul Russo's remuneration changed compared to KCB Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

KSh65b

Dec 31 2025KSh285mKSh86m

KSh64b

Sep 30 2025n/an/a

KSh62b

Jun 30 2025n/an/a

KSh62b

Mar 31 2025n/an/a

KSh60b

Dec 31 2024KSh178mKSh8m

KSh59b

Sep 30 2024n/an/a

KSh51b

Jun 30 2024n/an/a

KSh50b

Mar 31 2024n/an/a

KSh43b

Dec 31 2023KSh178mKSh75m

KSh36b

Sep 30 2023n/an/a

KSh40b

Jun 30 2023n/an/a

KSh37b

Mar 31 2023n/an/a

KSh40b

Dec 31 2022KSh266mKSh73m

KSh41b

Compensation vs Market: Paul's total compensation ($USD2.21M) is about average for companies of similar size in the KE market ($USD1.70M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.

CEO

Paul Russo (50 yo)

4.2yrs
Tenure
KSh285,306,000
Compensation

Mr. Paul Rushdie Russo, EBS, serves as Group Chief Executive Officer at KCB Group PLC since May 25, 2022 and serves as its Director and served as its Group Regional Businesses Director & Managing Director...

Leadership Team

NamePositionTenureCompensationOwnership
Paul Russo
Group CEO & Director4.2yrsKSh285.31mno data
Lawrence Kiambi
Group Director of Finance & Executive Director11.2yrsKSh147.77mno data
Dennis Volemi
Group Director of Technologyno datano datano data
David Kitheka
Head of Investor Relationsno datano datano data
Bonnie Okumu
Group General Counsel8yrsno datano data
Rosalind Gichuru
Group Director of Marketing & Communications5.5yrsno datano data
Japheth Achola
Group Human Resource Director7yrsno datano data
Samuel Makome
Chief Commercial Officerno datano datano data
Bernard Okello
Acting Group Director Creditno datano datano data
Faith Basiye
Group Chief Risk Officerno datano datano data
Anthony Mulisa
Group Treasurerno datano datano data
Angela Mwirigi
Director of Marketing & Communication - KCB Bankno datano datano data
7.0yrs
Average Tenure
53yo
Average Age

Experienced Management: KCB's management team is seasoned and experienced (7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Paul Russo
Group CEO & Directorno dataKSh285.31mno data
Lawrence Kiambi
Group Director of Finance & Executive Director11.2yrsKSh147.77mno data
Bonnie Okumu
Group General Counselno datano datano data
Joseph Kinyua
Independent Non-Executive Chairman3.3yrsKSh17.32mno data
Joseph Muiru
Chairman of S&l19.9yrsno datano data
Lyn Mengich
Independent Non-Executive Directorless than a yearno datano data
Edmund Mndolwa
Chairman of KCB (Tanzania) Limited16.3yrsno datano data
Samwiri H. Njuki
Chairman of KCB Bank Uganda Limited18.7yrsno datano data
Agnes Lutukai
Independent Non-Executive Director2.3yrsKSh12.80mno data
William Asiko
Independent Non-Executive Director1.8yrsKSh6.67mno data
Lawrence Mark Njiru
Independent Non-Executive Director7.9yrsKSh8.46mno data
Anuja Pandit
Independent Non -Executive Director3.9yrsKSh10.59mno data
5.9yrs
Average Tenure
59.5yo
Average Age

Experienced Board: KCB's board of directors are considered experienced (5.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/18 19:47
End of Day Share Price 2026/07/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KCB Group PLC is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WambuAbsa Bank Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Craig MetherellAvior Capital Markets