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Falling defaults, cheaper deposits boost bank profits in first half-year
Nine of the country’s 11 banks listed on the Nairobi Securities Exchange posted a combined Sh144.9 billion net profit, up 16.9 percent from Sh124 billion a year earlier.
A drop in deposit costs and lower loan defaults propelled stronger bank profit growth in the first half of 2026, offering continued boost after a period of expensive funding and elevated credit risk.
Nine of the country’s 11 banks listed on the Nairobi Securities Exchange, which have released their performance results for the six months ended June 2026, posted a combined Sh144.9 billion net profit, up 16.9 percent from Sh124 billion a year earlier.
