NBK Posts Its First Profit Under Access Bank in Q3 2025
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National Bank of Kenya (NBK) reported its first profit since its acquisition by Access Bank, posting a 33% increase in profit after tax in Q3 2025 to KES 1.6 billion.
The strong performance was largely driven by a 46.5% reduction in Gross NPLs, which allowed the bank to cut loan loss provisions by 39%, offsetting a contraction in its loan book.
The lender’s total assets declined by 8% to KES 138 billion, while loans and advances fell 38.7% to KES 47.4 billion.
Customer deposits grew 3.3% to KES 105.9 billion, supporting the bank’s funding base.
Net interest income rose slightly by 2.3% to KES 7.4 billion, although non-interest income fell 14.6% to KES 2.1 billion. Operating expenses decreased by 8.9% to KES 7.6 billion.
NBK’s Gross NPLs dropped to KES 16.2 billion, with net NPLs reducing 62.5% to KES 5.0 billion.
Provisions for bad loans were reduced to KES 845.4 million, contributing to the improved bottom line.
Access Bank completed the acquisition of 100% of NBK’s shares from KCB Group Plc on May 30, 2025, following approvals from the Central Bank of Kenya and other regulatory authorities.
Both National Bank of Kenya and Access Bank Kenya will continue to operate independently for now, with integration plans expected in the future.
The acquisition strengthens Access Bank’s footprint in East Africa, positioning it to expand its operations and increase its market presence across the region.
NBK had previously been wholly owned by KCB Group Plc, which acquired the bank in September 2019.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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