Stanbic Bank has reported a net profit of of KES 6.5 billion for the half year ended 30th June 2025. This was a 9% decline from the KSh 7.21 billion reported in H1 2024.
The decline in profitability was on the back of a 5.8% decline in Net interest income to KSh 11.83 billion, while non-interest income rose marginally by 0.8% to KSh 7.62 billion.
On the other hand, Operating expenses surged by 15.5% to KSh 9.39 billion, contributing to a rise in the cost-to-income ratio to 48.3% from 40.4%.
The bank’s total assets dropped 5% to KSh 464.81 billion, while customer deposits fell by 2.5% to KSh 346.85 billion.
Net loans and advances also declined by 2.2% to KSh 233 billion. Gross non-performing loans eased slightly by 1.8% to KSh 23.95 billion, suggesting marginal improvement in credit quality.
The Bank recorded an NPL ratio of 9.5%, which is below industry levels at 17.6%, and representative of a healthy asset book.
Dr Joshua Oigara, Stanbic Bank CEO stated, ‘’ The Kenyan economy remained stable amidst persistent headwinds. Nonetheless, some pressures persist as evidenced by sluggish private sector credit uptake, high fiscal deficits and geopolitical risks. Our focus in this period was largely on supporting our clients navigate shifting market conditions, while fortifying our growth through robust risk management, capital strength and well managed liquidity levels. We believe that our business will continue to demonstrate resilience and keep momentum even as the market continues to post recovery.’
Despite the weaker performance, the Stanbic group more than doubled its interim dividend to KSh 3.80 per share, up from KSh 1.84.
| Metric | H1 2025 | H1 2024 | YoY Change (%) |
|---|---|---|---|
| Net Interest Income | 11.83Bn | 12.55Bn | ▼ -5.78% |
| Non-Interest Income | 7.62Bn | 7.56Bn | ▲ +0.84% |
| Operating Expenses | 9.39Bn | 8.13Bn | ▲ +15.50% |
| Profit Before Tax (PBT) | 8.61Bn | 10.03Bn | ▼ -14.15% |
| Profit After Tax (PAT) | 6.54Bn | 7.21Bn | ▼ -9.28% |
| Total Assets | 473.72Bn | 497.93Bn | ▼ -4.86% |
| Total Equity | 74.27Bn | 69.36Bn | ▲ +7.07% |
| Customer Deposits | 350.43Bn | 387.57Bn | ▼ -9.59% |
| Loans and Advances (Net) | 308.73Bn | 361.40Bn | ▼ -14.57% |
| Earnings per Share (EPS) | 16.56 | 18.25 | ▼ -9.26% |
| Dividend per Share (DPS) | 3.80 | 1.84 | ▲ +106.52% |
| Cost-to-Income Ratio | 48.3% | 40.4% | ▲ +7.9 pts |