Kingdom Bank Kenya Profit After Tax Hits KSh574.5 Million as Lending Grows 54.4%
Kingdom Bank Kenya recorded an 80.1% increase in profit before tax to KSh820.6 million in the first half of 2026, supported by growth in net interest income, lending and customer deposits.
The bank’s profit after tax also increased by 80.1% year-on-year to KSh574.46 million, according to its H1 2026 financial results.
The performance was accompanied by a 54.4% increase in net loans and advances to KSh26.82 billion, as the lender expanded lending to the micro, small and medium enterprise (MSME) segment.
Kingdom Bank Net Interest Income Rises 67.4%
Kingdom Bank’s net interest income increased by 67.4% to KSh1.98 billion in the six months to June 2026. The increase in net interest income came alongside the expansion of the bank’s loan book, with net loans and advances rising from the previous year to KSh26.82 billion.
The 54.4% growth in net loans and advances represents an increase in lending activity, particularly within the MSME segment.
Customer Deposits Rise to KSh34.85 Billion
Customer deposits increased by 28.1% to KSh34.85 billion during the period. The growth in deposits provided an increase in customer funding alongside the expansion of the bank’s lending portfolio.
Kingdom Bank’s total assets also increased by 25.5% to more than KSh58.60 billion. The growth in total assets was lower than the 54.4% expansion in net loans and advances and the 67.4% increase in net interest income.
Kingdom Bank Records Growth in Non-Performing Loans
The expansion of the loan book was accompanied by an increase in gross non-performing loans (NPLs). Gross NPLs rose by 56.0% to KSh5.40 billion during the first half of 2026.
The bank also increased provisions for impairment by 73.9% to KSh228.44 million during the period. The increase in impairment provisions came as the lender expanded its loan portfolio and recorded higher gross non-performing loans.
