NBK Profit Jumps 61% to Ksh1.72 Billion as Loan-Loss Charges Plunge

National Bank of Kenya (NBK) has posted a 61% increase in profit after tax for the first six months of 2026, reporting earnings of Ksh 1.72 billion as lower loan-loss provisions and stronger interest income boosted its performance.

NBK, which is a wholly owned subsidiary of Access Bank PLC, said its profit rose from Ksh 1.07 billion recorded during the same period in 2025. The results cover the six months which ended on June 30, 2026.

According to a statement by NBK, the improved performance was driven by an 11 per cent growth in net interest income, which increased to Ksh 5.40 billion from Ksh 4.87 billion a year earlier.

Non-interest income remained relatively stable at Ksh 1.47 billion, supported by fees and commissions despite a competitive operating environment.

NBK Transformation Efforts

Acting Managing Director John Ojalla said the results reflect progress in the bank’s ongoing transformation efforts and growing customer confidence.

“The bank has started 2026 on a strong footing, with our first-half performance reflecting the resilience of the business, growing customer confidence and the positive impact of the strategic initiatives we have implemented,” Ojalla said.

Also Read: KNEC Slapped With 5 Demands Ahead of 2026 KCSE, KJSEA and KPSEA Exams

NBK also recorded growth across key balance sheet indicators during the period. Total assets rose to Ksh 157 billion from Ksh 141 billion recorded at the end of December 2025.

Customer deposits increased to Ksh 116.3 billion from Ksh 106.1 billion over the same period, providing what the bank described as a stable funding base for future growth.

Net Loans

Meanwhile, net loans and advances rose to Ksh 61 billion from Ksh 51 billion at the end of 2025, indicating continued lending to businesses and customers across a range of sectors.

Also Read: New NBK-Centum Deal Opens Door to Home Ownership for More Kenyans

NBK said it remains optimistic about its outlook for the rest of 2026 as it continues to integrate with Access Bank PLC.

As part of its long-term growth strategy, the bank plans to focus on strengthening digital capabilities, improving customer experience, maintaining disciplined risk management, and enhancing operational efficiency.

Follow our WhatsApp channel for instant news updates