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NBK Posts 178% Profit Growth in FY2025 as Turnaround Gains Momentum
National Bank of Kenya (NBK) has reported a sharp rise in profitability for the year ended December 31, 2025. The strong results signal a successful turnaround following its acquisition by Access Bank PLC.
Profit before tax surged to KSh 2.91 billion, up from KSh 1.05 billion in 2024. This represents a 178% increase. Profit after tax rose to KSh 2.39 billion from KSh 1.06 billion, marking a 125% growth.
Managing Director George Odhiambo attributed the performance to disciplined execution and a clear focus on efficiency.
“The Bank’s performance reflects disciplined execution of our turnaround priorities. We will now focus on accelerating growth and unlocking full value,” he said.
Strong Financial Performance
NBK recorded solid gains across key financial indicators.
Net interest income rose to KSh 10.3 billion. At the same time, the bank reduced interest expenses by 33%. Operating expenses also declined to KSh 8.49 billion from KSh 9.18 billion.
Asset quality improved significantly. Expected credit loss provisions dropped to KSh 1.5 billion from KSh 2.4 billion. This marks a 37% improvement.
These gains show stronger risk management and improved operational discipline.
Strengthening the Balance Sheet
NBK continued to reinforce its balance sheet during the year.
Customer deposits grew to KSh 106 billion, up from KSh 98 billion in 2024. Total equity also increased to KSh 17.0 billion from KSh 13.4 billion.
Total assets closed at KSh 141.3 billion, slightly lower than KSh 148.3 billion in 2024. Net loans and advances declined to KSh 51 billion from KSh 75 billion.
The bank attributes this drop to asset transfers and a shift to risk-adjusted lending. This strategy prioritizes quality over volume.
Stronger earnings and lower risk-weighted assets improved capital ratios. NBK now meets all regulatory capital requirements.
Transformation Driven by Access Bank
The results mark NBK’s first full reporting period under Access Bank PLC. The acquisition, completed in May 2025, accelerated the bank’s transformation.
NBK adopted improved risk management and credit underwriting frameworks. It also streamlined operations to boost efficiency.
The bank transferred selected assets and liabilities during the integration. This move created a leaner and more resilient balance sheet.
NBK Posts 178% Profit Growth in FY2025 as Turnaround Gains Momentum
Empowering Women Through the W Initiative
NBK also launched the W Initiative in 2025. The program targets women entrepreneurs and professionals across Kenya.
It offers tailored financial solutions, advisory services, and capacity-building programs. It also provides access to strategic business networks.
The initiative aims to drive growth in women-led enterprises and support inclusive economic development.
Outlook for 2026
NBK expects strong momentum to continue in 2026.
The bank will focus on building a high-quality loan portfolio and strengthening credit frameworks. It will also drive deposit growth and expand its customer base.
In addition, NBK plans to accelerate digital innovation and improve service delivery. The bank will also leverage synergies from its integration with Access Bank.
With a stronger balance sheet and improved asset quality, NBK is well positioned for sustainable growth. The lender aims to support businesses, households, and the broader Kenyan economy.
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