NCBA Group Profit Rises 7% to KES 23.4 Billion

NCBA Group has posted a profit after tax of KES 23.4 billion for the year ended 31 December 2025, up from KES 21.9 billion in the prior year, with earnings per share rising to KES 14.20 from KES 13.27. Net interest income surged 28% to KES 44.1 billion from KES 34.5 billion, as interest expenses on customer deposits dropped sharply to KES 22.3 billion from KES 38.2 billion, while total interest income declined to KES 68.1 billion from KES 75.7 billion as income from loans and advances fell to KES 39.7 billion from KES 46.5 billion.

Non-interest income rose to KES 29.3 billion from KES 28.2 billion, lifting total operating income 17% to KES 73.3 billion from KES 62.7 billion. Operating expenses rose 21% to KES 45.5 billion from KES 37.6 billion, with staff costs climbing to KES 16.3 billion from KES 13.4 billion and loan loss provisions rising to KES 8 billion from KES 5.5 billion. Asset quality improved, with gross non-performing loans declining to KES 35.8 billion from KES 37.2 billion.

Total assets grew to KES 716 billion from KES 665.9 billion, with customer deposits expanding to KES 531.9 billion from KES 502 billion and net loans and advances rising to KES 317.2 billion from KES 302.1 billion.

The Board has recommended a final dividend of KES 4.60 per share, bringing the total for the year to KES 7.10 from KES 5.50 in 2024, including an interim dividend of KES 2.50 paid in October 2025. The dividend is payable on or after 26 May 2026 to shareholders on the register at the close of business on 30 April 2026.

The results come as the group disclosed that Nedbank of South Africa issued a notice of intention in January 2026 to acquire approximately 66% of NCBA’s issued share capital through a partial tender offer, which if successful would make NCBA a subsidiary of the South African lender, with the remaining 34% continuing to trade on the Nairobi Securities Exchange.

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