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Business News

12.2% net profit increase by NCBA

By Eussania Adhiambo
August 5, 2026 1 Min Read
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NCBA Group posted a 12.2 percent increase in net profit for the first half of 2026, supported by stronger earnings from its Kenyan banking business and continued growth across its regional subsidiaries.

Profit after tax rose to Sh12.4 billion in the six months ended June, up from Sh11 billion recorded during the same period last year.

The lender attributed the performance to growth in lending, improved funding costs and higher contributions from its operations in Uganda, Tanzania and RwandaThe Group added that its regional subsidiaries posted a combined Sh1.6 billion in profit, supported by a 25 percent increase in lending, 11 percent growth in income and improved loan recoveries.During the period, NCBA disbursed Sh819 billion in digital loans, a 26.9 percent increase from a year earlier, while customer deposits rose 11 percent to Sh551 billion.

Total assets also grew by 11.5 percent to Sh739 billion, reflecting continued expansion in the bank’s balance sheet.

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