National Bank of Kenya’s pretax profit more than doubled in the first half of 2026, climbing 124.3 percent to KES 2.18 billion for the six months to June 30, according to unaudited results the board released this week. Profit after tax grew 60.5 percent to KES 1.72 billion, and earnings per share rose 61.9 percent to KES 0.68. Director L. Omangi and Acting Managing Director J. Ojalla signed the results on the board’s behalf. The jump came from what the bank stopped paying out. Interest expense fell 29.0 percent to KES 1.80 billion, even as total interest income slipped 2.7…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
WPP Scangroup’s half year loss deepened to KSh254 million in the six months to June 2026, up from KSh208.3 million a year earlier, as the region’s largest marketing and communications group continued to lose clients and cut costs to slow the bleeding. The Nairobi Securities Exchange listed firm released unaudited results on 21 August 2026 showing gross profit falling 33.7% to KSh539.7 million, down from KSh815.6 million in the same period last year. The company will not pay an interim dividend. Loss per share widened to KSh0.56 from KSh0.46 in H1 2025. The Numbers Metric (KSh) H1 2026 H1 2025…
The Independent Electoral and Boundaries Commission has locked in the roadmap for Kenya’s next General Election, confirming that voters will cast ballots on Tuesday, August 10, 2027, under the same 290 constituencies and 1,450 wards used since 2013. The commission published the timetable in a special issue of the Kenya Gazette on Thursday, August 20, carrying seven notices signed by IEBC Chairperson Erastus Edung Ethekon. Together, they cover elections for president, senators, National Assembly members, county women representatives, governors and members of county assemblies. By retaining the existing boundaries, the IEBC has effectively carried forward the electoral map used in…
Equity Group Holdings has obtained regulatory approval to launch an asset management business, the lender’s Group Managing Director Dr James Mwangi said at the bank’s half year investor briefing, adding a new business line to a group that already spans banking, insurance and technology across six African markets. Mwangi confirmed the licence had been secured and that the business is now in its setup phase, responding to a shareholder question on the status of the project. “The market wants high earning assets as opposed to savings,” Mwangi said, describing a shift among the bank’s customer base away from traditional deposit…
Diamond Trust Bank Kenya has reported a pretax profit of KSh 9.8 billion for the six months to June 30, 2026, a 37 percent jump from the same period last year. The regional lender’s turnaround strategy is now delivering results across its three markets, with revenue climbing 21 percent on the back of stronger interest income and a rapidly expanding digital customer base. The results mark one of the strongest half year performances in the bank’s 80 year history and build on a full year 2025 that saw pretax profit rise 26 percent to KSh 13.5 billion, with profit after…
Standard Chartered Bank Kenya posted a profit after tax of KES 6.73 billion for the first half of 2026, down 16.8% from KES 8.09 billion in the same period last year, as falling interest rates squeezed lending margins even as the balance sheet grew. Profit before tax fell 12.1% to KES 9.58 billion. Earnings per share dropped 17% to KES 17.58. The board declared an interim dividend of KES 8.50 per share, up 6.3% from KES 8.00 a year earlier. Interest income keeps sliding as CBK rate cuts bite Net interest income fell 19.8% to KES 12.27 billion, the line…