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%.