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KCB Group commits Sh53b to green finance projects

Kenya Bankers Association Chief Executive Raymond Molenje (left) Environment and Climate Change Principal Secretary Festus Ng'eno and KCB Group CEO Paul Russo during the release of KCB's 2024 sustainability report on October 7, 2025.[Brian Ngugi/Standard]
Tier one lender KCB Group has allocated Sh53.2 billion to green projects in a move that places sustainable finance at the heart of its strategy as climate pressures mount across East Africa, where it operates. 

Kenya’s largest bank by assets said green loans now constitute 21.32 per cent of its total portfolio, edging closer to its 2025 target of 25 per cent, according to its 2024 Sustainability Report launched on Tuesday

The shift highlights a strategic pivot for one of East Africa's largest lenders, reflecting a broader trend where local and regional financial institutions are increasingly aligning their operations with global climate goals amid investor and regulatory pressure.

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