National Bank of Kenya (NBK) has reported a profit after tax of KSh1.03 billion for the quarter ended March 31, 2026, marking a 275% increase from KSh275.7 million in the same period last year. The strong performance was driven by higher net interest income and a sharp decline in credit impairment charges.
Net interest income rose to KSh2.84 billion from KSh2.4 billion in Q1 2025, supported by disciplined asset pricing and improved funding efficiency. Non-interest income remained steady at KSh664.3 million, reflecting stable fees and commissions in a competitive environment.
Operating expenses were contained at KSh2.1 billion, supported by continued cost discipline and efficiency measures. Loan loss provisions fell by 92% to KSh50 million from KSh618 million, driven by improved asset quality, reduced non-performing loans, and stronger recoveries.
Total assets increased to KSh145.3 billion from KSh141.1 billion in December 2025, while customer deposits rose to KSh106.7 billion, reflecting sustained customer confidence. Net loans and advances grew to KSh57.0 billion from KSh51.0 billion, indicating continued lending activity across key sectors.
“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,” said George Odhiambo, Managing Director, National Bank of Kenya.
The bank says it remains focused on achieving sustainable growth while enhancing its digital capabilities and maintaining strong risk management discipline. The bank noted that it is well-positioned to build on its solid start to the year, supported by improved asset quality, operational efficiency gains, and ongoing integration with Access Bank PLC.
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