NCBA Half-Year Profit Up 12.6% to KSh 11.1Bn on Strong Interest Income
NCBA Group H1 profits up 12.5% to KSh11.1Bn, on higher net interest income. Assets fell 3.8% and deposits dipped 6%, but equity grew 16.8%...
✨ Key Highlights
NCBA Group PLC reported a significant 12.6% increase in half-year 2025 profit after tax, reaching KSh 11.1 billion, primarily driven by robust net interest income growth.
- Profit after tax rose to KSh 11.1 billion, up from KSh 9.8 billion year-on-year.
- The performance was largely propelled by a 26.7% surge in net interest income to KSh 20.9 billion.
- Despite a 6% drop in customer deposits to KSh 497 billion and a 3.8% decline in total assets to KSh 663 billion, shareholders’ equity grew by 16.8%.
- Digital lending remained a strong growth area with KSh 646 billion in disbursements, a 35% year-on-year increase.
- Gross non-performing loans (NPLs) improved significantly, falling 18.6% to KSh 38.1 billion.
- The group declared an interim dividend of KSh 2.50 per share.
- CEO John Gachora expressed confidence in a stable macro environment.
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NCBA Half-Year Profit Rises to KSh 11.1Bn as Britam's Slips; 91-Day T-Bill Yield Drops Below 8% - August 2025
NCBA Group PLC reported a significant 12.6% increase in its half-year 2025 profit after tax, reaching KSh 11.1 billion, a result primarily driven by robust net interest income growth. In contrast, Britam Holdings Plc reported a 14% drop in profit after tax to KSh 1.74 billion for the half-year ended June 30, 2025. This decline at Britam occurred as rising finance costs impacted profitability, despite strong investment income. In the government securities market, Kenya's 91-day Treasury Bills yield dropped below 8% for the first time since June 2022. This followed a recent auction where investor demand was high, leading to the overall performance rate hitting 133.46%.
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