Customer savings with NCBA Group shrunk by Sh31.9 billion in the half year ended June 2025, compared to the same period a year earlier, as the bank shed expensive deposits to sustain profit growth.
The regional lender, which operates in Kenya, Rwanda, Uganda and Tanzania, reported a 12.5 percent net profit growth in the review period, benefiting from a lower cost of funds, including interest paid on fixed deposit accounts. The bank made Sh11 billion in the six months to June, up from Sh9.8 billion a year earlier.
