NCBA Group PLC has reported a profit after tax of Ksh 12.4 billion in its H1 2026 financial results, which is a 12.2 per cent increase against KES 11.0 billion reported during a similar period in 2025.
NCBA Group Key Group Financial Performance Highlights
- Operating income of Ksh 40.7 billion, 15.1 per cent up year on year.
- Profit before tax of Ksh 15.5 billion,14.3 per cent up year on year.
- Profit after tax of Ksh 12.4 billion, 12.2 per cent up year on year.
- Operating expenses of Ksh 19.5 billion, 5.1 per cent up year on year.
- Provision for credit losses of Ksh 5.2 billion, up from KES 3.2 billion in the prior year.
- Digital Loans disbursed were Ksh 819 billion, 26.9 per cent up year on year.
- Customer deposits closed at Ksh 551 billion, 11.0 per cent up year on year.
- Total Assets closed at Ksh 739 billion, 11.5 per cent up year on year.
- Interim Dividend declaration of Ksh 3.75 per share, up from KES 2.50 in the prior year.
Commenting on the results, NCBA Group Managing Director John Gachora said the first half of 2026 was marked by a dynamic operating environment with pressure on inflation and a cautious policy approach by the regional Central Banks.
“Our focused execution of the UBUNTU strategy has ensured that we delivered a resilient total income growth of 15.1 per cent reflecting healthy business volumes, improved margins and continued customer activity,” Gachora said.
He noted that the bank’s balance sheet momentum remained strong, anchored on disciplined growth in quality lending demonstrated by well-managed non-performing loans of 10.5 per cent compared to the market’s 15.3 per cent (Kenya) and stable funding provided by customer deposit growth.
Additionally, the NCBA boss said they increased provisions to Ksh 5.2 billion, reflecting the realities of the current operating environment, which positions the bank well to absorb potential risks.
“We are also encouraged by the strength of our return on average equity at 19.0 per cent while maintaining a strong capital adequacy position of 21.7 per cent, providing a solid foundation to support future growth and strategic investment opportunities,” he said.
NCBA Group Subsidiary 2026 Performance
The Kenya Bank subsidiary continued to be the Group’s key profit driver, powered by disciplined cost of funds management and grew profitability by 24.3 per cent year-on-year to reach Ksh 13.7 billion. The regional subsidiaries (Uganda, Tanzania, Rwanda) delivered a combined Ksh 1.6 billion in profitability on the back of strong lending growth + 25 per cent year-on-year, income momentum +11 per cent and recovery opportunities.
Non-banking subsidiaries (NCBA Investment Bank, Leasing, Bancassurance and NCBA Insurance) continued their strong performance momentum, delivering profitability of Ksh 1.1 billion collectively, a growth of 40 per cent year-on-year, reinforcing the value of NCBA’s diversified business model.
Strategic Priorities Highlights
The Group invested Ksh 2.4 billion in technology infrastructure to accelerate AI adoption, strengthen cyber resilience and fortify its core operations. This resulted in strengthened service resilience, delivering 99.68 per cent system uptime and higher customer advocacy with Digital Net Promoter Score rising to 69 per cent. NCBA ConnectPlus, the recently launched best-in-class business banking platform, was scaled across the region to create a seamless and standardised offering.
Moreover, the Group scaled high-growth segments by expanding its wealth Assets Under Management to Ksh 101 billion and surpassing 60,000 active wealth clients. Simplified automated customer journeys accelerated digital adoption, with mobile banking accounting for 94 per cent of transaction volumes. Embedding insurance in every relationship contributed to the growth of NCBA Insurance and Bancassurance Gross Written Premiums to Ksh 2.1 billion and Ksh 2.3 billion, respectively.
