National Bank of Kenya (NBK)’s net profit for the year ended December 2025 more than doubled to Sh2.3 billion from Sh1 billion posted a year earlier, despite its core business shrinking.
NBK, which was acquired last year by Nigeria’s Access Bank Plc from KCB Group, cut its loan loss provisions by 37 percent to Sh2.91 billion, after slashing its bad debts by nearly half. Its non-performing loans dropped to Sh15.6 billion from Sh30.7 billion which management attributed to cherry picking during acquisition and enhanced recoveries.
