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NBK profit up by 275% to Kes1.03 billion on stronger trading, customer confidence
The bank's net interest income increased to KShs 2.84 billion from KShs 2.4 billion in Q1 2025, supported by disciplined asset pricing and improved funding efficiency. Non-interest income remained resilient at KShs 664.3 million, reflecting consistent performance in fees and commissions despite a competitive operating environment.
National Bank of Kenya (NBK) recorded KShs 1.03 billion in profit after tax for the first quarter ending March 31, 2026, representing a 275% growth compared to KShs 275.7 million recorded during a similar period last year, driven by stronger trading and customer confidence.
The lender further attributed that growth to higher net interest income and a substantial reduction in credit impairment charges.
“We have started the year on a strong footing, driven by customer confidence, cost management, and operations efficiency initiatives.
We are reinventing ourselves in the market to come out stronger, and I am confident that by the end of the year, we will be at a higher level. Our focus is to continue serving our customers, exploring more business opportunities, and expanding our product and service offering to better serve the market,” National Bank of Kenya Managing Director George Odhiambo.