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4 clusters · 14 sources · 20 days · First seen · Last updated

Kenyan and East African banks report H1 2026 profit surge

Overview

In late July 2026, major Kenyan banks reported strong first‑half results. SBM Bank Kenya posted an 88 percent rise in net profit to about KSh 380 million, driven by lower deposit costs and higher interest‑ and non‑interest‑income. Standard Chartered Bank Kenya subsequently disclosed a record operating income of KSh 1.5 trillion and a 9 percent increase in profit before tax to KSh 620 billion, while announcing a KSh 129 billion share‑buyback programme and noting more than Sh97 billion mobilised in sustainable finance since 2021.

By early August, the profit surge extended across East Africa. NCBA Group Plc reported a 12.2 percent rise in H1 profit to KSh 12.4 billion, supported by a 26.9 percent jump in digital loan disbursements. Stanbic Holdings Plc posted a KES 6.6 billion profit after tax, with assets up 27 percent and wealth assets growing by 63 percent.

Additional reports from mid-August highlight further growth within the Kenyan sector. Co-operative Bank of Kenya recorded a 28 percent increase in profit after tax to KSh 18 billion, driven by its “Soaring Eagle” Transformation Agenda. Meanwhile, Consolidated Bank of Kenya saw net profit after tax surge by 1,349.5 percent to Sh 174.83 million, despite a 12.5 percent increase in gross non-performing loans. These results collectively reinforce a regional pattern of robust earnings, accelerated digitalisation, and strategic shareholder returns during the first half of 2026.

Entities

Co-operative Bank of Kenya · Joshua Oigara · Manus Costello · Consolidated Bank of Kenya · Bill Winters

Timeline

  1. 6 days ago

    [BUSINESS] 5 sources
    Kenyan banks report strong half-year 2026 profits

    Kenyan banks Co-operative Bank and Consolidated Bank reported strong H1 2026 results, with Co-op Bank seeing a 28% rise in profit after tax and Consolidated Bank posting a 1,349% profit jump.

  2. 10 days ago

    [BUSINESS] 3 sources
    East African banks post double‑digit profit gains in first half of 2026

    NCBA Group and Stanbic Holdings both posted strong H1 2026 results, with NCBA’s profit up 12% to KSh12.4 bn and Stanbic’s after‑tax profit at KES6.6 bn, driven by higher deposits, loan growth and digital‑bank‑​

  3. 17 days ago

    [BUSINESS] 7 sources
    Standard Chartered Kenya posts record H1 profit and highlights sustainable finance milestones

    Standard Chartered Kenya posted a record H1 profit of Ksh 620bn, upgraded guidance, launched a Ksh 129bn buyback and a 66% dividend rise, while noting Sh97bn mobilised for sustainable projects since 2021 and a

  4. 26 days ago

    [BUSINESS] 3 sources
    SBM Bank Kenya Reports 88% Rise in Half-Year Net Profit

    SBM Bank Kenya posted an 88% jump in H1 2026 net profit to KSh 380 million, driven by lower deposit costs, higher interest and non‑interest income, and expanding tech services.

Sources

backendnews.net · bdafrica.com · business.inquirer.net · businessfocus.co.ug · businesstoday.co.ke · ecofinagency.com · mwanzotv.com · stjohntradewinds.com · stocknews.com · techarena.co.ke · techtrendske.co.ke · timeskuwait.com · web71finally.shop · wgna.com

This summary has been updated 3 times: see revision history