NCBA Group Reports 12.6% Profit Growth to KES 11.1 Billion
NCBA Group Reports 12.6% Profit Growth to KES 11.1 Billion
NCBA Group PLC (“Group”) has announced a profit after tax of KES 11.1 billion in its H1 2025 financial results, marking a 12.6 per cent increase compared to KES 9.8 billion reported during the same period in 2024.
Strong Financial Performance
Key highlights of the results include:
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Profit before tax of KES 6 billion, up 11.4 per cent year on year.
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Profit after tax of KES 11.1 billion, up 12.6 per cent year on year.
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Operating income of KES 33 billion, up 12.7 per cent year on year.
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Operating expenses of KES 16 billion, up 12.5 per cent year on year.
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Provision for credit losses at KES 2 billion, up 19.1 per cent year on year.
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Digital loans disbursed of KES 646 billion, up 35 per cent.
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Customer deposits closed at KES 497 billion, flat year on year.
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Total assets closed at KES 663 billion, down 8 per cent year on year.
The Group’s strong performance enabled the Board of Directors to recommend an interim dividend of KES 2.50 per share.
Commenting on the results, Group Managing Director John Gachora said the rebound underscores resilience.
“The income growth of 13 per cent was driven by operational excellence and prudent pricing management despite a challenging economic environment,” he said.
He added that the Group maintained a capital adequacy ratio of 22.4 per cent, well above regulatory requirements. This, he noted, ensures sufficient lending capacity while supporting strategic growth opportunities.
Business Segment Contributions
The Kenya banking subsidiary delivered solid results, recording 7.4 per cent profitability growth year on year with PBT of KES 11 billion. This accounted for 81 per cent of Group profitability. Growth was fueled by improved cost of funding and a 32 per cent increase in Net Interest Income.
Meanwhile, regional businesses recorded combined PBT of KES 1.8 billion, contributing 13.6 per cent of Group profits. Recoveries played a key role in this outcome.
The Group’s non-banking subsidiaries also posted strong growth. They recorded a combined PBT of KES 804 million, a 40 per cent rise year on year, and contributed 5.9 per cent of total profits.
NCBA Investment Bank surpassed 50,000 clients through digital onboarding and grew assets under management to KES 86 billion. Similarly, NCBA Insurance reported a 68 per cent profit increase following its full integration into the Group.
NCBA Group Reports 12.6% Profit Growth to KES 11.1 Billion
Customer Growth and Innovation
The Group expanded its branch network to 122 across the region. In Kenya, branches surpassed 100 after the opening of the Nord Ruiru branch. Alongside physical expansion, NCBA boosted digital services.
Features such as digital account onboarding, SME banking activations, diaspora banking, and fee waivers attracted more customers.
As a result, the Group’s core bank customer base grew to 412,000, while its overall customer base neared the 70 million mark.
NCBA retained its Asset Finance leadership with a 31 per cent market share. Its revamped CarDuka platform now integrates insurance products and offers an improved user interface powered by AI.
Additionally, the upgraded ConnectPlus corporate banking platform achieved over 90 per cent adoption by active clients, enabling faster transactions, expanded payment options, and enhanced liquidity management.
Sustainability and Community Impact
NCBA advanced its Change The Story sustainability agenda. Key achievements include:
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Mobilizing KES 5 billion in green and sustainable financing.
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Planting 396,459 trees through partnerships.
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Empowering 55,335 women and youth with skills training.
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Engaging 8,420 people through sports and wellness initiatives.
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Creating 9,238 jobs directly and indirectly.
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Deploying over KES 90 million to community projects.
Through these efforts, the Group impacted more than 743,000 livelihoods.
Recognition followed. NCBA was awarded for Exceptional Customer Experience by the Kenya Bankers Association, Excellence in Asset Finance by the International Center for Strategic Alliance, and Best Overall Banking Experience by the Banking on Women Awards. It was also named the 6th most valuable brand in Kenya by Brand Finance.
Outlook
Looking ahead, Mr. Gachora said the outlook is positive.
“Global growth is projected at 3.0 per cent, inflation remains within target at 4.1 per cent, and the shilling has stabilized against the dollar. Government interventions are expected to stimulate economic activity and accelerate private sector credit uptake,” he said.
He concluded that NCBA remains committed to delivering strong financial results by investing in people, technology, and brand, while driving a customer-first culture for sustainable growth.
