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Kenyan and East African banks report H1 2026 profit surge

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-08-07 11:35 UTC → 2026-08-12 15:13 UTC · added removed

Kenyan and East African banks report H1 2026 profit surge

In late July 2026, two 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, especially transaction‑fee earnings. The bank also highlighted growth in loan balances, deposits, assets and technology‑driven services such as an enhanced Mastercard offering and the Busara Kids Banking app. A week later, 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. It raised its income guidance, launched billion, while announcing a KSh 129 billion share‑buyback programme and lifted its interim dividend, while noting more than Sh97 billion mobilised in sustainable finance since 2021 and measurable cuts in emissions and waste. Early August data show 2021. By early August, the profit surge extending extended across East Africa. NCBA Group Plc reported a 12.2 percent rise in H1 profit to KSh 12.4 billion, with deposits up 11 percent, assets up 11.5 percent and supported by a 50 26.9 percent dividend increase; jump in digital loan disbursements jumped 26.9 percent and mobile banking handled 94 percent of transactions. disbursements. Stanbic Holdings Plc posted a KES 6.6 billion profit after tax, with assets up 27 percent, deposits up 28 percent and loans up 24 percent, while maintaining a low credit‑loss ratio, expanding SME financing and growing 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 growth, earnings, accelerated digitalisation digitalisation, and strategic shareholder returns in during the first half of 2026.

Versions

  1. 2026-08-12 15:13 UTC Kenyan and East African banks report H1 2026 profit surge
  2. 2026-08-07 11:35 UTC Kenyan banks H1 2026 profit surge
  3. 2026-08-07 11:34 UTC East African banks H1 2026 profit surge
  4. 2026-07-31 06:05 UTC Kenyan banks H1 2026 profit surge

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