National Bank of Kenya (NBK), a wholly owned subsidiary of Access Bank PLC, has reported a strong financial turnaround for the year ended December 31, 2025, marked by significant growth in profitability, improved asset quality, and a strengthened capital position.
The lender’s performance reflects the first full reporting period following its acquisition by Access Bank in May 2025, a move that has accelerated its transformation and reinforced long-term growth prospects.
NBK Profitability Soars on Strong Execution
NBK’s Profit Before Tax surged by 178 per cent to KShs 2.91 billion, up from KShs 1.05 billion recorded in 2024. Profit After Tax also rose sharply to KShs 2.39 billion, representing a 125 percent increase from KShs 1.06 billion in the previous year.
NBK Managing Director George Odhiambo attributed the performance to disciplined execution of the bank’s turnaround strategy, focusing on balance sheet strengthening, operational efficiency, and improved asset quality.
Improved Efficiency and Asset Quality
During the period under review, NBK recorded robust gains across key financial indicators.
Net interest income rose to KShs 10.3 billion, supported by a 33 percent reduction in interest expenses. Operating expenses declined to KShs 8.49 billion from KShs 9.18 billion in 2024, reflecting enhanced cost management.
Asset quality also improved significantly, with expected credit loss allowances dropping to KShs 1.5 billion from KShs 2.4 billion, marking a 37 percent improvement.
Balance Sheet Strengthening Continues
The bank continued to reinforce its financial position as part of its strategic repositioning.
Customer deposits increased to KShs 106 billion, up from KShs 98 billion in 2024, signaling growing customer confidence. Total equity rose to KShs 17.0 billion from KShs 13.4 billion, while total assets stood at KShs 141.3 billion.
Net loans and advances declined to KShs 51 billion from KShs 75 billion, reflecting asset transfers related to the acquisition and a deliberate shift toward a more risk-adjusted lending strategy.
NBK Posts 178% Surge in Profit Before Tax in FY 2025
The improved financial performance and lower risk-weighted assets enabled NBK to achieve full compliance with regulatory capital requirements.
Transformation Anchored on Access Bank Integration
The acquisition by Access Bank marked a major milestone in NBK’s transformation journey. Under the Share Purchase Agreement, selected assets and liabilities were transferred, allowing the bank to adopt a leaner balance sheet and stronger operational profile.
The integration has also introduced enhanced risk management frameworks, credit underwriting standards, and operational efficiencies, directly contributing to improved performance and stability.
Launch of Women-Focused ‘W Initiative’ by NBK
In 2025, NBK introduced the W Initiative, a strategic program aimed at empowering women entrepreneurs and professionals across Kenya.
The initiative offers tailored financial solutions, business advisory services, capacity-building programs, and access to strategic networks, positioning the bank as a key player in advancing inclusive economic growth.
NBK Positive Outlook for 2026
NBK expects to sustain its growth momentum in 2026 by deepening its transformation strategy and leveraging synergies from its integration with Access Bank.
Key priorities include building a high-quality and diversified loan portfolio, strengthening credit frameworks, accelerating digital innovation, enhancing customer acquisition, and driving operational efficiency.
With a stronger balance sheet and renewed strategic direction, NBK is well positioned to deliver sustainable growth while supporting businesses and economic development in Kenya.