NAIROBI, Kenya, Nov 20 — NCBA Group PLC posted a profit after tax of Sh16.4 billion for the third quarter of 2025, an 8.5 percent increase from Sh15.1 billion recorded in the same period last year, driven by higher operating income and improved asset quality.
Profit before tax rose 11.1 per cent to Sh20.5 billion, while operating income grew 13.8 per cent to Sh53.4 billion. Operating expenses increased by 14 per cent to Sh27.9 billion, and provision for credit losses stood at Sh5.1 billion, up 24.5 per cent year-on-year.
The lender said digital lending remained a major driver, with Sh1 trillion disbursed in digital loans — a 35 percent rise.
Customer deposits declined 5.3 per cent to Sh488 billion, while total assets fell 2 per cent to Sh665 billion.
“Our profitability was driven by prudent cost of funding management and better asset quality,” said Managing Director John Gachora.
“Over the review period, regional subsidiaries demonstrated improved effectiveness in recovering bad debts, reflecting disciplined execution of remedial actions. Our balance sheet remained solid, with assets and customer deposits impacted by pricing adjustments and softer lending activities across the markets.”
NCBA issued its fifth base lending rate cut of the year to 13.27 per cent, while continuing monthly account maintenance fee waivers in Kenya and Rwanda.
The bank’s branch network expanded to 122 outlets, supported by targeted product campaigns and increased customer engagement.
NCBA maintained its lead in asset finance by enhancing its PSV financing offer with up to 90 percent financing and integration with the Komiut digital fare collection system.
It also signed financing agreements with Mobikey and Car & General and partnered with CFAO Mobility (Loxea) for electric vehicle financing, including the BYD Shark 6 plug-in hybrid pickup.
Additionally, NCBA rolled out ConnectPlus, its enhanced corporate banking digital platform, which has onboarded more than 20,000 customers in Kenya and is scheduled for rollout in Uganda, Tanzania, and Rwanda.
