Top Kenyan banks listed on the Nairobi Securities Exchange (NSE) have released their financial results for the first quarter of the 2025 Financial Year (FY), providing insights into their profitability, asset growth, loan performance, and customer deposits.
The results include declarations of interim dividends, stock performance trends, and profit margins realised in the review period.
The Kenya Times compiled a detailed list of reported profits announced by the lenders for the period, including a summary of other financial results.
Billions Kenyan banks have made in 2025
KCB Group
KCB Group PLC posted a profit after tax of Ksh16.53 billion, marginally higher than the Ksh16.48 billion recorded in Q1 2024.
Total revenue rose by 2% to Ksh49.4 billion while the Group’s balance sheet closed at Ksh2.03 trillion, up from Ksh1.99 trillion.
The contribution of subsidiaries outside KCB Bank Kenya to profit before tax rose to 32%, reflecting the bank’s regional expansion efforts.
Operating costs rose by 7.8% to Ksh22.7 billion due to staff expenses and investments in technology. Provisions for expected credit losses fell by 11.3%, aided by strengthened collateral and rehabilitation of non-performing loans (NPLs).
Gross NPLs closed at Ksh233 billion, with the NPL ratio at 19.3%. Customer deposits were reported at Ksh1.4 trillion, while loans and advances reached Ksh1.02 trillion.
Return on equity stood at 23.3%, and total shareholder equity rose by 28.4% to Ksh297.1 billion
The bank maintained strong capital ratios, with a core capital to risk-weighted assets ratio of 16.7% and a total capital adequacy ratio of 19.7%.
Co-op Bank Kenya
Co-operative Bank of Kenya posted a profit before tax of Ksh9.63 billion for the first quarter of 2025, marking a 6.8% increase from Ksh9 billion in the same period last year. Profit after tax stood at Ksh6.9 billion, up 5.3% from Ksh6.6 billion.
The lender’s total assets grew to Ksh774.1 billion, an 8.3% rise from Ksh714.7 billion reported in Q1 2024.
Net loans and advances increased slightly to Ksh384.5 billion from Ksh378.1 billion, while customer deposits rose by 9.0% to Ksh525.2 billion.
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The bank’s total operating income climbed to Ksh21.2 billion, a 12.8% increase from Ksh18.8 billion, with net interest income growing by 21.7% to Ksh14.2 billion.
However, non-interest income dipped by 1.9% to Ksh6.9 billion. Operating expenses rose to Ksh11.7 billion, a 19.1% increase.
Co-op Bank reported an improved cost-to-income ratio of 45.5%, down from 59% in FY 2024.
NCBA Bank
NCBA Group PLC reported a profit after tax of Ksh5.5 billion, representing a 3.0% increase from Ksh5.3 billion posted in Q1 2024.
Profit before tax rose by 4.5% to Ksh6.8 billion. The lender disbursed Ksh307 billion in digital loans, a 32% year-on-year increase.
Operating income grew by 8% to Ksh17.3 billion, while operating expenses rose by 9% to Ksh8.9 billion.
Credit loss provisions increased by 20.3% to Ksh1.6 billion. However, customer deposits fell by 9.5% to Ksh496 billion, and total assets dropped by 5.6% to Ksh656 billion.
Stanchart
Standard Chartered Bank Kenya reported a profit after tax of Ksh4.86 billion in Q1 2025, representing a 13.5% drop year-on-year.
The bank’s total assets declined by 2.3% to Ksh382.3 billion, while net interest income fell by 0.8% to Ksh8.2 billion.
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Provisions decreased by 24.7% to Ksh412.5 million, while forex trading income dropped significantly by 59.1% to Ksh1.03 billion. Gross non-performing loans declined by 26.1% to Ksh12.2 billion.
Loans and advances to customers fell by 10.2% to Ksh137.9 billion, and customer deposits were down 6.8% to Ksh285.2 billion.
Earnings per share stood at Ksh12.75, a decline of 11.6%.
Stanbic
Stanbic Bank Kenya reported a profit after tax of Ksh3.3 billion for the period ended March 31, 2025, down from Ksh3.99 billion in the same period last year.
The lender cited macroeconomic factors and base effects for the performance decline. Net interest income rose by 5% due to higher lending to customers and government securities.
The loan book expanded by 6% from December 2024, while customer deposits increased by 5%.
Total operating income fell by 7% year-on-year to Ksh9.54 billion, primarily due to a 27% decline in non-interest income, which fell to Ksh2.76 billion from Ksh3.79 billion, reflecting subdued market activity
Family Bank
Family Bank Group recorded a 15.4% increase in profit before tax to Ksh1.5 billion, up from Ksh1.3 billion in Q1 2024. The performance was driven by strong interest income, asset growth, and cost controls.
Total assets rose by 19.2% to Ksh174 billion, supported by a 10.1% increase in the loan book to Ksh96.2 billion and higher investment in government securities.
Net interest income surged by 32.6% to Ksh3.2 billion, boosted by a 50.6% rise in income from government securities and a 14.1% increase from loans.
Despite a 71.4% drop in forex trading income, non-funded income rose by 32.1%, with fees and commissions growing by 22.2% to Ksh34 million.
Customer deposits increased by 19.8% to Ksh132.3 billion, supported by branch relocations and digital investment.
Operating expenses grew by 41.5%, driven by a 59.6% rise in loan loss provisions and an increase in staff costs.
Sidian Bank
Sidian Bank posted a significant profit after tax of Ksh556.9 million in the first quarter of 2025, representing a 250% increase year-on-year.
The bank’s total assets rose by 48.3% to Ksh68.1 billion, while customer deposits surged by 61.9% to Ksh50.2 billion. Loans and advances increased by 5.5% to Ksh26.2 billion.
Net interest income grew by 30.3% to Ksh736.6 million, while non-interest income more than doubled, rising by 121.3% to Ksh1 billion.
National Bank
National Bank of Kenya reported a 48.8% decline in net profit to Ksh275.7 million in Q1 2025.
Net interest income grew marginally by 0.4% to Ksh2.4 billion, while forex trading income plunged by 71.7% to Ksh107 million.
Non-interest income dropped by 26.9% to Ksh715.8 million. Total assets decreased by 4.9% to Ksh149.6 billion, with customer deposits falling by 1.3% to Ksh104 billion and loans declining by 13.6% to Ksh70.7 billion.
Provisions rose by 11.2% to Ksh617.9 million, and gross NPLs jumped by 29.4% to Ksh32.2 billion. Earnings per share dropped by 35% to Ksh0.11.
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