KCB Group posted Sh18.04 billion net profits from Sh15.08 billion reported in the same period last year.
The results declared on Wednesday translates to a 19.63 per cent growth in net profit during the nine months to September.
The lender said growth was driven by improved cost management and increased gains from net interest income.
During the review period, loans and advances grew by 3.76 per cent to Sh435.28 billion from Sh419.49 billion the same period last year.
Customer deposits also rose 6.15 per cent to sh526.84 billion from Sh496.31 billion.
The Group’s year-on-year net interest income grew by 1.77 per cent to Sh36.3 billion, improving from 1.05 per cent decline reported last year to stand at Sh35.67 billion.
While non-interest income accounted for 33 per cent of the Group’s income, it grew 2.63 per cent to Sh17.94 billion.
The lender noted that non-branch transactions have continued to grow and now stand at 87 per cent of total volumes, compared to 13 per cent handled at the branches.
Agency banking transactions grew by 74 per cent, Mobile banking was up by 34 per cent, with ATM and Point Of Sale transactions increasing by 36 per cent and 16 per cent respectively.
"Our focus on technology driven growth continues to deliver both client satisfaction and efficiencies while keeping costs under control and diversifying the income streams," KCB Group CEO Joshua Oigara said.