Equity Group Holdings PLC reported a record profit after tax of KES 34.6 billion for the first half of 2025, a 17% increase from KES 29.6 billion in the previous year. The group's net interest income rose 9% to KES 59.3 billion, while total income increased 3% to KES 100.2 billion. Non-performing loan (NPL) ratio improved slightly to 13.7% from 14.0% in Q1 2025, with the highest NPL segment being corporate loans at 24.5% and Kenya recording the highest country-level NPL at 20%. IFRS coverage stood at 90%. Equity Insurance Group saw gross written premiums more than double to KES 5.18 billion, with profit before tax up 26% to KES 932 million. The group also increased lending to government by 18%, though the CEO indicated a preference for more lending to private sector loans. Absa Bank Kenya posted a 9% rise in profit after tax to KES 11.7 billion in H1 2025, up from KES 4.1 billion in 2016. However, net interest income declined 2.9% to KES 22.3 billion, and total income fell 1.1% to KES 31.5 billion. Lending to government surged 86.2%, while net loans decreased 3.6%. The bank's loan-to-deposit ratio dropped to 84%, with return on equity at 26.5%, above its 18% cost of equity. Loan impairments fell 38% to KES 3.2 billion. KCB Group reported an 8.1% increase in profit after tax to KES 31.5 billion, with net interest income up 12.7% to KES 69.1 billion. Loans and advances grew 6.1% to KES 1.1 trillion, while customer deposits slightly declined by 0.3% to KES 1.5 trillion. The group's gross NPLs increased 4.2% to KES 221.1 billion, but the NPL ratio improved by 60 basis points to 18.7%. KCB announced a combined special and interim dividend payment of KES 4 per share. The bank's stock price has risen 65.6% over the past year. Co-operative Bank posted an 8.5% rise in profit after tax to KES 14.1 billion, with net interest income increasing 23.1% to KES 29.4 billion. Total income grew 11% to KES 43.5 billion, while loans and deposits increased 4.2% and 8%, respectively. Car and General recorded a 9.6% revenue increase to KES 12 billion and a tenfold rise in profit after tax to KES 637 million. EBITDA doubled to KES 1.54 billion, supported by a rise in Kenya's motorcycle sales to an average of 7,000 units per month in 2025 from 4,600 in 2024. Dyer & Blair Investment Bank reported a net profit of KES 123.7 million in H1 2025, a substantial turnaround from a loss in the previous year, with total income increasing 147.5% to KES 220.7 million. Nation Media Group posted a turnover decline of 5.7% to KES 3 billion and reduced its loss after tax to KES 41.7 million from KES 260.2 million in 2024. TPS Eastern Africa experienced a 10.5% revenue decline to KES 4.1 billion and a net loss of KES 16 million compared to a profit of KES 696 million in 2024. Serena Hotels' owner expressed optimism about improved performance in the second half of 2025. On the Nairobi Securities Exchange, Car and General was the top gainer with a 10% rise to KES 31.90, while Kakuzi was the top loser, falling 7.64% to KES 372.
Summary of Markets Today [15 August 2025]: 🟢 Top Gainer: Car and General up 10.00% to 31.90 🔴 Top Loser: Kakuzi down 7.64% to 372.00 https://t.co/wA7qg8f7wl https://t.co/gWj5NQxl80
Serena hotels owner upbeat of improved second-half performance https://t.co/12AZsVjqJW
KCB Group (@KCBInKenya) H1 2025 Results. A Thread 🧵 https://t.co/TuuE6Qna7M