The report details KCB's progress in integrating environmental, social, and governance (ESG) practices in its strategy, focusing on sustainability and delivering value to all stakeholders. The report covers a mixed set of performances, surpassing its guidance in balance sheet growth but falling short in profit growth due to higher costs of funds and provisioning. Highlights of the year include the introduction of its new brand purpose, ""For People. For Better."" and the successful rollout of a new strategic plan, ""Transforming Today Together."" that aims to deliver customer-centered value propositions, leverage Group capabilities for efficient scale, take digital leadership and optimise data and analytics. Key achievements in the year include the expansion of its loan book by Ksh. 238 billion to cross Ksh. 1.1 trillion, the largest in the region, and the introduction of its new brand campaign, ""Opening Doors of Opportunity.""
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Kenya Commercial Bank Group PLC (KCB) 2023 Integrated Report
Issuing Company Kenya Commercial Bank Group PLC (KCB)
Report Type Integrated Report
Report Language EN
Report Filesize 9.08 MB
No. of Pages 252 pages
Reporting periodJanuary 1, 2023-December 31, 2023
Report EditionUnknown
Assurance Provider PricewaterhouseCoopers LLP
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue