Stanbic Holdings Plc reported a Profit After Tax (PAT) of KSh 6.5 billion for the half year ended June 30, 2025, with a return on equity of 17.4%.
Despite a 9% year-on-year decline in earnings, the Group doubled its interim dividend to KSh 3.80 per share—up from KSh 1.84 in H1 2024—reflecting a dividend yield of 13.7% and a payout ratio of 23%.
“Our focus this period was on helping clients navigate shifting market conditions while fortifying growth through robust risk management, capital strength, and well-managed liquidity,” said Group CEO Dr. Joshua Oigara. “We believe our business will continue to demonstrate resilience and maintain momentum even as the market recovers.”
Financial Performance Highlights
| Metric | H1 2025 | H1 2024 | YoY Change |
|---|---|---|---|
| Profit After Tax (PAT) | KSh 6.5Bn | KSh 7.2Bn | ↓ 9% |
| Return on Equity (ROE) | 17.4% | — | — |
| Core Earnings Per Share | KSh 16.6 | KSh 18.2 | ↓ 9.3% |
| Operating Income | KSh 19.4Bn | KSh 20.1Bn | ↓ 3.3% |
| Net Interest Income | KSh 11.8Bn | KSh 12.6Bn | ↓ 5.8% |
| Non-Funded Income (NFI) | KSh 7.62Bn | KSh 7.56Bn | ↑ 0.8% |
| Trading Revenue | — | — | ↓ 7% |
| Operating Expenses | KSh 10.8Bn | KSh 10.1Bn | ↑ 7.5% |
| Credit Impairment Charges | — | — | ↓ 26% |
| Cost-to-Income Ratio | 48.1% | — | ↑ from 40.4% (ex-LLP) |
| Customer Deposits | KSh 330Bn | KSh 355.6Bn (Dec ’24) | ↑ 4% (vs Dec ’24) |
| Loans and Advances | KSh 233Bn | KSh 238.2Bn (Dec ’24) | ↑ 1% (vs Dec ’24) |
| Gross NPL Ratio | 9.5% | 9.5% | Stable |
| NPL Coverage | 82.7% | 75.0% | ↑ 7.7% points |
| Dividend Per Share | KSh 3.80 | KSh 1.84 | ↑ 106.5% |
| Dividend Yield | 13.7% | 13.1% | ↑ |
| Payout Ratio | 23.0% | 10.1% | ↑ |
| ROaA (Return on Avg Assets) | 2.7% | — | — |
| ROaE (Return on Avg Equity) | 18.2% | — | — |
“Our H1 2025 results signal steady progress, anchored in a stable macroeconomic climate and recovering private sector credit growth,” said Dennis Musau, Chief Financial and Value Officer.
“We continue to refine our strategic focus to unlock long-term value and deliver sustainable returns.”
Business Line Performance
All four business segments demonstrated strategic execution:
- Corporate & Investment Banking led the USD 1.5 billion Eurobond issuance and Tender Offer for the Republic of Kenya, reinforcing Stanbic’s sovereign advisory leadership
- Business & Commercial Banking disbursed KSh 16.4 billion in SME loans across key sectors
- Personal & Private Banking quadrupled scheme disbursements and surpassed 100,000 active users on its Omni Channel mobile app
- Insurance & Asset Management surpassed KSh 4 billion in assets under management within nine months of launch
Sustainability & Impact
| Initiative | Amount / Outcome |
|---|---|
| Green Infrastructure Lending | KSh 4.5Bn |
| Climate-Smart Agriculture Lending | KSh 1.2Bn |
| Affordable Housing Program | KSh 900Mn (200+ new homeowners) |
| Trade Loans Facilitated | KSh 94.8Bn |
| Trees Planted | 30,000 |
| MSME Catalytic Loans | KSh 24Mn |
| Women Entrepreneurs Trained | 33,000 |
Through the Stanbic Kenya Foundation, the Group partnered with GIZ, the Gates Foundation, American Tower Corporation, and Microsoft to support MSMEs and youth empowerment. Over KSh 24 million in catalytic loans were disbursed, and 33,000 women entrepreneurs received financial literacy and business training.
“Credit quality is a priority for us,” Musau added. “We’ve adopted a proactive, data-led approach to risk, strengthening our credit assessment frameworks and developing sector-specific models to better support clients during volatile cycles.”
