NCBA Group PLC has posted a profit after tax of KES11.1 billion in its H1 2025 financial results which is a 12.6 per cent increase compared to KES 9.8 billion reported during a similar period in 2024.
NCBA added that it remains committed to delivering strong financial performance backed by continued strategic investments in people, technology and brand while fostering a customer obsessed culture to drive sustainable growth.
“I’m pleased to announce our H1 2025 financial results which highlight a rebound and positive momentum on business performance. The income growth of 13 per cent was driven by a combination of operational excellence and prudent pricing management despite a challenging economic environment.” said Group Managing Director, John Gachora.
NCBA Bank Kenya Shillings Base Lending Rate (NBLR) since August 2024 has dropped by 4.02 per cent while over the same period, the CBR has dropped by 3.50 per cent. It’s Kenya Bank subsidiary delivered strong performance in H1 2025, recording a notable year over year profitability growth of 7.4 per cent to reach KES 11 billion PBT. This was a contribution of 81 per cent to Group profitability driven by improved cost of funding and better Net Interest Income which grew 32 per cent. The Regional businesses delivered a strong performance driven by recoveries with a combined PBT of KES 1.8 billion, contributing 13.6 per cent to Group profitability.
The non-banking subsidiaries recorded a combined PBT of KES 804 million contributing 5.9 per cent of Group profitability and growing 40 per cent year over year. Notably, the NCBA Investment Bank surpassed 50,000 clients through digital onboarding and cross-sell wins with assets under management growing to KES 86 billion. The NCBA Insurance business profitability grew 68 per cent year on year post full acquisition signaling successful integration into the Group.
To improve customer accessibility, the Group grew its network to 122 branches across the region with Kenya crossing the 100 branches mark post launching the Nord Ruiru branch. The combination of innovative retail banking services including digital account onboarding, digital lending products, diaspora and SME banking activations and the continued waiver of monthly account fees resulted to growing our core bank customer base to 412,000, while our overall customer base approached the 70 million mark.
The Group retained its Asset Finance Leadership of 31 per cent market share through expanded dealer partnerships and innovations such as its “CarDuka” digital platform which now offers insurance products and a wide inventory of cars.
NCBA’s upgraded “ConnectPlus” online corporate banking platform saw robust adoption by over 90 per cent of active clients who now have access to faster transaction processing, expanded payment options, enhanced reporting tools, cash liquidity management and integrations with other financial services platforms.
NCBA made progress in its Change The Story Sustainability commitments by mobilizing and steering KES 9.5 billion of Green and Sustainable Financing, nurturing and planting a total of 396,459 trees together with multiple partners.
“The operating environment indicators are positive including global growth outlook of 3.0 per cent, stable KES/USD currency at KES 129, inflation within target at 4.1 per cent and the latest Kenya CBR downward revision to 9.50 per cent. The interventions by the Government are expected to stimulate economic activity and accelerate credit uptake by the private sector whose growth is at 3.3 per cent,” Mr. Gachora commented.
