East African banks post double‑digit profit gains in first half of 2026

NCBA Group Plc reported a 12.2% rise in first‑half profit to KSh12.4 billion, with pre‑tax earnings of KSh15.5 billion. Customer deposits grew 11% to KSh551 billion and total assets rose 11.5% to KSh739 billion. The bank lifted its interim dividend by 50% and increased loan‑loss provisions to KSh5.2 billion amid a cautious monetary environment, while digital loan disbursements jumped 26.9% and mobile banking handled 94% of transactions.

Stanbic Holdings Plc posted a profit after tax of KES6.6 billion for H1 2026. Total assets expanded 27% to KES602 billion and deposits rose 28% to KES422 billion. Loans increased 24% to KES290 billion, with a low credit loss ratio of 0.5% and non‑performing loans at 7.73%. The bank financed SMEs with over KES21 billion, its foundation provided KES181 billion in concessionary lending, and wealth assets under management grew 63% to KES7 billion. Customer numbers reached 258,000, and new digital features were added to its mobile platform and ATM network.