NBK Reports 178% Surge in Profit Before Tax for 2025

National Bank of Kenya (NBK), now a wholly owned subsidiary of Access Bank PLC, has reported strong financial results for the year ended 31 December 2025, marked by robust profitability, strengthened capital, and improved asset quality following its integration into the Access Group.

Financial Highlights
Profit before tax surged 178% to KShs 2.91 billion from KShs 1.05 billion in 2024, while profit after tax grew 125% to KShs 2.39 billion from KShs 1.06 billion.

Net interest income reached KShs 10.3 billion, supported by a 33% reduction in interest expenses, and operating expenses declined to KShs 8.49 billion from KShs 9.18 billion. Asset quality also improved, with allowances for expected credit losses down 37% to KShs 1.5 billion.

George Odhiambo, Managing Director of NBK, said, “This performance reflects disciplined execution of our turnaround priorities and a focus on strengthening the balance sheet, improving asset quality, and enhancing operational efficiency. We are now focused on accelerating growth and unlocking the full potential of the bank.”

Balance Sheet and Capital Strength
Customer deposits rose to KShs 106 billion from KShs 98 billion, while total assets closed at KShs 141.3 billion. Total equity increased to KShs 17.0 billion from KShs 13.4 billion. Net loans and advances stood at KShs 51 billion, down from KShs 75 billion, reflecting acquisition-related transfers and a more risk‑adjusted lending strategy.

These improvements strengthened NBK’s capital ratios, bringing the bank into full compliance with regulatory requirements.

Business Transformation
The year 2025 marked NBK’s first full reporting period as part of Access Bank PLC. The acquisition enabled the bank to adopt a leaner balance sheet, enhanced risk management, and operational frameworks, improving asset quality, funding structure, and efficiency.

W Initiative for Women
NBK also launched the W Initiative, a program supporting women entrepreneurs and professionals through tailored financial solutions, advisory services, capacity building, and access to networks. The initiative aims to accelerate growth for women-led businesses and promote sustainable economic development.

Outlook for 2026
NBK expects continued positive momentum in 2026, focusing on diversified loan growth, improved credit frameworks, deposit growth, digital innovation, operational efficiency, and leveraging synergies with Access Bank PLC. With a stronger balance sheet and improved asset quality, NBK is well positioned to deliver sustainable growth and support businesses, households, and Kenya’s economy.