NCBA Group has reported a net profit of KSh 5.5 billion in Q1 2025, up 3% year-on-year, driven by an 8% increase in operating income and improved net interest margin at 6.1%, the highest in recent years.
- •Profit before tax rose to KSh 6.8 billion from KSh 6.5bn, a 4.5% rise.
- •The Group’s balance sheet contracted, with customer deposits falling 9.5% to KSh 496 billion, and total assets down by 5.6% to KSh 656 billion.
- •NCBA achieved a lower cost-to-income ratio of 51.3%, reflecting effective cost controls, while ROE held strong at 18.7%.
| Metric | Q1 2025 | Q1 2024 | YoY Change |
|---|---|---|---|
| Net Profit | KSh 5.5Bn | KSh 5.3Bn | ▲ 3.0% |
| Profit Before Tax | KSh 6.8Bn | KSh 6.5Bn | ▲ 4.5% |
| Operating Income | KSh 17.3Bn | KSh 16.0Bn | ▲ 8.0% |
| Operating Expenses | KSh 8.9Bn | KSh 8.2Bn | ▲ 9.0% |
| Loan Loss Provisions | KSh 1.6Bn | KSh 1.3Bn | ▲ 20.3% |
| Customer Deposits | KSh 496Bn | KSh 548Bn | ▼ 9.5% |
| Total Assets | KSh 656Bn | KSh 695Bn | ▼ 5.6% |
| Net Interest Margin | 6.1% | 5.0% | ▲ 1.1 pts |
NCBA Group Q1 5-Year Trend
Over the past five years, NCBA has more than doubled its Q1 net profit, from KSh 2.8Bn in 2021 to KSh 5.5Bn in 2025, while maintaining strong capital buffers and consistently improving profitability metrics.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Profit (KSh Bn) | 2.84 | 3.41 | 5.07 | 5.30 | 5.50 |
| Profit Before Tax (KSh Bn) | 3.87 | 4.67 | 6.39 | 6.54 | 6.80 |
| Operating Income (KSh Bn) | 11.83 | 10.75 | 15.55 | 15.98 | 17.30 |
| Customer Deposits (KSh Bn) | 434 | 470 | 500 | 548 | 496 |
| Total Assets (KSh Bn) | 542 | 591 | 629 | 695 | 656 |
| Net Interest Margin (%) | 4.9 | 4.9 | 5.0 | 5.0 | 6.1 |
| Cost-to-Income Ratio (%) | 57.5 | 57.5 | 58.9 | 57.3 | 51.3 |
| Return on Equity (%) | 10.6 | 10.6 | 14.2 | 18.4 | 18.7 |
