NSE Suspends HFCB Shares After Company Releases Results During Market Hours

The Nairobi Securities Exchange (NSE) has halted trading in HFCB Group Plc shares for Thursday’s trading session after the company released its financial results during trading hours.

The exchange said the release broke Regulation 89(4) of the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023, which governs the disclosure of information by listed companies.

“The Nairobi Securities Exchange Plc (NSE) wishes to notify investors and the public that it has halted trading in the shares of HFCB Group Plc for today’s trading session, following the release of the Company’s financial results during trading hours, contrary to Regulation 89(4) of the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023,” the NSE said.

The NSE said it halted trading under Rule 9.4.2(c) of the NSE Trading Rules for Equity Securities, with approval from the Capital Markets Authority (CMA).

“The halt has been effected in accordance with Rule 9.4.2(c) of the NSE Trading Rules for Equity Securities, with the approval of the Capital Markets Authority (CMA), and is intended to facilitate orderly dissemination and assimilation of the information by the market,” the exchange said.

The exchange said the move would allow investors and other market participants to receive and assess HFCB Group’s financial information in an orderly manner.

The trading halt came as HFCB Group released its unaudited financial statements and other disclosures for the six-month period ended June 30, 2026.

HFCB Group Reports Ksh 998.326 Million Profit

According to the financial statements, HFCB Group recorded Ksh 998.326 million in profit after tax and exceptional items for the period.

The group also recorded Ksh 1.225 billion in profit before tax and exceptional items. Meanwhile, total comprehensive income stood at Ksh 559.304 million, while earnings per share came to Ksh 0.53.

Furthermore, the Group generated Ksh 4.253 billion in total interest income and incurred Ksh 1.609 billion in total interest expenses.

As a result, the group recorded Ksh 2.644 billion in net interest income.

At the same time, non-interest income contributed Ksh 1.160 billion, helping the group achieve total operating income of Ksh 3.805 billion.

However, HFCB Group incurred Ksh 2.580 billion in total operating expenses during the period.

The reported figures broadly match the financial performance reported in today’s coverage, which put profit before tax at about Ksh 1.22 billion and net interest income at about Ksh 2.64 billion.

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Assets Reach Ksh 94.043 Billion

On its financial position, HFCB Group reported total assets of Ksh 94.043 billion as of June 30, 2026.

Customer deposits stood at Ksh 68.077 billion, while net loans and advances to customers amounted to Ksh 43.407 billion.

The group also held Ksh 30.330 billion in available-for-sale investment securities and Ksh 3.572 billion in held-to-maturity investment securities.

Additionally, HFCB Group reported Ksh 4.714 billion in other assets, while investment properties stood at Ksh 1.347 billion.

The group’s intangible assets amounted to Ksh 1.413 billion, while property and equipment stood at Ksh 501.924 million.

On the liabilities side, HFCB Group recorded total liabilities of Ksh 75.807 billion.

The group had Ksh 2.044 billion in borrowed funds and Ksh 989.609 million in deposits and balances due to local banking institutions.

Consequently, total shareholders’ funds stood at Ksh 18.237 billion.

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HFCB Group Reports Ksh 11.192 Billion in Gross NPLs

The financial statements showed that HFCB Group’s gross non-performing loans and advances stood at Ksh 11.192 billion.

After deducting Ksh 3.111 billion in interest in suspense, the group’s total non-performing loans and advances stood at Ksh 8.081 billion.

HFCB Group then recorded loan-loss provisions of Ksh 5.900 billion, leaving net non-performing loans and advances at Ksh 2.181 billion.

Meanwhile, the group reported Ksh 2.310 billion in insider loans and advances.

Directors, shareholders and associates accounted for Ksh 903.262 million, while employees accounted for Ksh 1.483 billion.

The group also reported Ksh 4.714 billion in letters of credit, guarantees and acceptances.

In addition, other contingent liabilities stood at Ksh 6.390 billion.

Capital Stays Above Minimum Requirement

HFCB Group reported core capital of Ksh 10.496 billion, compared with the minimum statutory capital requirement of Ksh 3 billion.

Total capital stood at Ksh 11.288 billion, while the total capital-to-risk-weighted-assets ratio reached 20.7 per cent.

The group’s core capital-to-total deposit liabilities ratio stood at 7.3 per cent.

HFCB Group also maintained a strong liquidity position, recording a liquidity ratio of 54.4 per cent against the minimum statutory requirement of 20 per cent and the bank’s liquidity ratio stood at 56.6 per cent.

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A photo of Robert Kibaara, the CEO of HFCB Group Plc, during the corporate results and financial briefing on June 01, 2026. PHOTO/ The Kenyan Wall Street