NCBA Group PLC has reported a 12.6% increase in half-year 2025 profit after tax to KSh 11.1 billion, up from KSh 9.8 billion a year earlier, with the performance driven by net interest income growth, despite lower customer deposits and total assets.
- •Net interest income rose 26.7% to KSh 20.9 billion, boosted by stronger lending and government securities returns while non-interest income fell 2.9% to Sh14.5 billion as forex trading weakened.
- •Operating expenses climbed 13.5% to Sh21.8 billion, while provisions for credit losses increased 19.1% to KSh 3.2 billion, reflecting cautious risk management.
- •Digital lending remained a growth engine, with KSh 646 billion in disbursements, up 35% year-on-year.
Customer deposits slipped 6% year-on-year to KSh497 billion, and total assets declined 3.8% to KSh 663 billion. However, shareholders’ equity rose 16.8% to KSh 118 billion, supported by higher retained earnings. Gross non-performing loans fell 18.6% to KSh 38.1 billion, improving asset quality.
| Metric | Jun 30, 2025 | Jun 30, 2024 | YoY % |
|---|---|---|---|
| Net Interest Income | 20.85 Bn | 16.45 Bn | 🟢 +26.7% |
| Non-Interest Income | 14.48 Bn | 14.91 Bn | 🔴 -2.9% |
| Operating Income | 35.33 Bn | 31.36 Bn | 🟢 +12.7% |
| Loan Loss Provisions | 3.227 Bn | 2.710 Bn | 🔴 +19.1% |
| Operating Expenses | 21.78 Bn | 19.20 Bn | 🔴 +13.5% |
| Profit Before Tax (PBT) | 13.55 Bn | 12.16 Bn | 🟢 +11.4% |
| Profit After Tax (PAT) | 11.05 Bn | 9.815 Bn | 🟢 +12.5% |
| Total Assets | 662.5 Bn | 689.1 Bn | 🔴 -3.9% |
| Total Equity | 118.4 Bn | 101.4 Bn | 🟢 +16.8% |
| Customer Deposits | 497.0 Bn | 528.9 Bn | 🔴 -6.0% |
| Loans & Advances (Net) | 288.1 Bn | 309.7 Bn | 🔴 -7.0% |
| Gross NPLs | 38.14 Bn | 46.90 Bn | 🟢 -18.6% |
| Interim DPS | 2.50 | 2.50 | ⚪ 0.0% |
Highlights
The Kenyan banking unit contributed 81% of group profit before tax (PBT), while regional subsidiaries posted KSh 1.8 billion PBT, contributing 13.6%. Non-banking arms, including NCBA Investment Bank and NCBA Insurance, delivered a combined KSh 804 million PBT, up 40% year-on-year.
The group expanded its footprint to 122 branches across the region, surpassing 100 in Kenya, and grew its customer base to 70 million. Asset finance leadership was maintained with a 31% market share, supported by upgrades to its CarDuka platform. Corporate clients adopted the revamped ConnectPlus platform, now used by over 90% of active users.
NCBA mobilized Sh9.5 billion in green financing, planting 396,459 trees, and creating over 9,200 jobs through community partnerships. The group also reported capital adequacy at 22.4%, far above regulatory requirements, and declared an interim dividend of Sh2.50 per share.
Looking ahead, CEO John Gachora said NCBA remains confident amid a stable macro environment, citing inflation at 4.1%, a firm shilling at 129 per US dollar, and the CBR at 9.5%.
