How NCBA Group Subsidiaries Contributed To The Bank’s Overall Profits In 2025

NCBA Group PLC’s strong full-year 2025 financial performance, which saw profit after tax rise to KES 23.4 billion, was significantly underpinned by the robust contribution of its diversified subsidiaries, highlighting the Group’s successful multi-business model and strategic expansion across banking and non-banking segments.

At the core of this performance was the Kenya banking subsidiary, which continued to dominate as the Group’s primary profit engine. Contributing 82 percent of profit before tax (PBT), the subsidiary delivered KES 22.9 billion, reflecting sustained balance sheet growth and effective margin management. Its consistent expansion, evidenced by a 27 percent compound annual growth rate (CAGR) since 2020, underscores its central role in anchoring NCBA’s profitability and market leadership.

Beyond Kenya, regional banking subsidiaries emerged as key growth accelerators. These units collectively generated KES 3.6 billion in PBT, accounting for 13 percent of the Group’s earnings. Their performance, marked by a remarkable growth trajectory of over 100 percent CAGR since 2020, was driven by expanding loan books, improved asset quality, and lower impairment costs. This reflects NCBA’s growing regional footprint and its ability to replicate its Kenyan success across East Africa.

Equally notable was the contribution from non-banking subsidiaries, which are increasingly becoming strategic pillars of the Group’s long-term growth. The Investment Bank, Bancassurance, Leasing, and NCBA Insurance businesses jointly delivered KES 1.9 billion in PBT, representing 5 percent of total Group earnings. Within this segment, the Investment Bank stood out, posting KES 995 million in PBT, buoyed by strong assets under management, which have now surpassed the KES 100 billion milestone.

NCBA Insurance also delivered an impressive performance, recording an 82 percent jump in PBT to KES 306 million in its first full year as a fully integrated subsidiary. This growth signals the success of the Group’s integration strategy and its ambition to deepen its footprint in the insurance value chain.

Overall, the performance of NCBA’s subsidiaries paints a picture of a well-diversified financial services group, where banking strength is complemented by rapidly growing regional and non-banking businesses, collectively driving sustainable profitability and enhanced shareholder returns.

Related Content: NCBA Insurance Champions Trust And Transparency At Inaugural Claims Conference