NCBA Group Plc has made a Net Profit of KSh 16.4 Billion at the end of the nine months’ period ending September 2025 compared to KSh 15.1 Billion posted in Q3 2024. Its Pre-Tax Profit was up 11.1% to KSh 20.5 Billion.
While the NCBA Counter, with a market capitalization of KSh 138 Billion, has been subject of speculative activity at the Nairobi Securities Exchange(NSE) in recent weeks, news of its strong earnings in Q3 is bound to excite investors on this counter as they price in.
At the NSE, the NCBA share closed the trading day 19th November 2025 at KSh 83.50, a 0.3% drop from the Tuesday’s close of KSh 83.75. The stock traded 1.19 million shares valued at KSh 99.3 million.
According to the lender’s financial results, NCBA Operating Income grew 13.8% to KSh 53.4 Billion, while Operating Expenses rose 14% to KSh 27.9 Billion.
The lender made provisions for loan losses amounting to KSh 5.1 Billion, an increase of 24.5% demonstrating a tough lending environment in the banking business.
A dominant player in the digital lending space with its M-Shwari platform, NCBA disbursed digital loans to customers amounting to KSh 5.1 Billion within the first nine months of this year.
NCBA negatives in the performance chart
Customer Deposits declined, like the case of its industry peers, by 5.3% to KSh 488 Billion, a trend that could affect its liquidity. The lender’s Balance Sheet size declined, as a result of this, by 2.0% to KSh 665 Billion. Loans to its customers also declined 3.5% to KSh 292.7Billion.
“We are pleased to announce our financial results for the third quarter of 2025 marked by strong growth in profitability, resilient NPL coverage of 68.9 per cent, dynamic subsidiary performance and continued focus on making our customers lives easier in a broadly stable operating environment,” NCBA Group Managing Director Mr. John Gachora.
He said in an investor briefing that the Group’s profitability was driven by prudent cost of funding management and better asset quality.
“Over the review period, regional subsidiaries demonstrated improved effectiveness in recovering bad debts, reflecting disciplined execution of remedial actions. Our balance sheet remained solid with assets and customer deposits impacted by pricing adjustments and softer lending activities across the markets,” said Gachora.
The Kenyan Subsidiary of the Group remained the key driver of the lender’s PBT with 82 per cent contribution, while the regional subsidiaries delivered KSh 2.6 billion PBT a contribution of 12.5% cent to Group.
The non-banking subsidiaries including the Investment Bank, Bancassurance, Leasing and NCBA Insurance delivered a combined PBT growth of 48% to reach KSh 1.2 billion, which was a 5.5% contribution to Group PBT.
NCBA focused on retaining its competitive edge in the Asset Finance segment by revamping the PSV proposition through offering up to 90% financing and bundling with Komiut, the digital fare collection platform designed to simplify, secure and modernize revenue management for public transport operators.
Additionally, the Group signed vehicle financing MOUs with Mobikey and Car & General and to advance sustainable transport, partnered with CFAO Mobility (Loxea) to finance electric vehicles, including up to 90 per cent financing for the latest BYD Shark 6 plug-in hybrid pickup.
The Group officially launched its upgraded Corporate Banking digital platform NCBA ConnectPlus to customers becoming the first bank in East Africa to deploy Intellect’s cloud-based banking solution.
The platform which has already onboarded +20,000 Kenya customers will be rolled out in Uganda, Tanzania and Rwanda to provide upgraded corporate banking services for all East African clientele. NCBA Group is a full-service Grouping group providing a broad range of financial products and services to corporate, institutional, SME and consumer Grouping customers.
NCBA Group operates a network of more than 100 branches in five countries including Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast.
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