Stanbic Bank Kenya has reported a KES 9.38 billion profit after tax for the nine months ending September 30, 2025, reflecting a resilient performance in a year marked by compressed margins and softer interest rates. The lender, which operates in both Kenya and South Sudan, recorded a 7.5 per cent dip in profitability driven largely by a 25 per cent drop in gross interest income and a 49 per cent decline in foreign exchange revenues.
Even so, the bank’s recalibrated balance sheet, lower funding costs and stronger customer activity helped cushion the decline. Interest expense eased by 49 per cent, while FX trading volumes surged by 34 per cent, underpinning Stanbic’s adaptive approach in a shifting macroeconomic environment.
Loan book expands as confidence grows
Stanbic’s lending momentum remained strong, with customer loans rising 16 per cent year-on-year to KES 253 billion—outpacing industry private-sector growth. The bank attributed this performance to enhanced customer support, diversified lending products, and strong sectoral engagement.
Customer deposits grew 5 per cent to KES 344 billion, signalling continued trust in the Stanbic brand and the bank’s strategy execution.
“Our Q3 performance reflects the strength of our franchise and the confidence our customers place in us,” said Chief Executive Dr Joshua Oigara. “With robust growth in loans and deposits, we are building the foundations for sustainable earnings as we transform for the future.”
Stanbic’s total assets grew to KES 476 billion, anchored by strategic lending across key segments including agriculture, SMEs, oil and gas, and consumer lending.
Stanbic Bank reports KES 10.1B profit after tax for Q3 2024
Stable credit quality and strong ratings
The bank maintained one of the healthiest loan books in the sector, with a Non-Performing Loan (NPL) ratio of 8.4 per cent—far below the industry average of 17.1 per cent. Credit loss ratio stood at 1.11 per cent, supported by a 7 per cent drop in impairments due to stronger recoveries.
Fitch Ratings reaffirmed Stanbic’s rating at “B” with a Stable Outlook, citing sound business fundamentals, disciplined risk management and the bank’s strong capital and liquidity position.
“Our balance sheet momentum remains strong, supported by sustained customer activity,” said Chief Financial Officer and Value Officer Dennis Musau. “While margin compression has moderated earnings, our strategic position remains solid.”
Driving innovation and market leadership
Stanbic continued to reinforce its market presence through technology and customer-oriented innovation. The bank rolled out 18 new features on its mobile banking platform, enhanced operational efficiencies, and expanded assets under management to KES 4.81 billion.
It also maintained its critical advisory and investment banking role, enabling the Government of Kenya to execute a USD 1.5 billion Eurobond transaction for the second consecutive year.
The bank’s strong capabilities in FX and capital markets earned it multiple awards, including Euromoney’s Best Investment Bank in Kenya for the fifth year. It also bagged key EMEA awards for Kenya’s sovereign bond operations.
Supporting MSMEs, Green Finance and Social Impact
Stanbic deepened its sustainability and inclusion agenda, channelling financing into climate-smart and enterprise growth initiatives. Key interventions included:
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KES 4.5 billion in green building loans
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KES 1.8 billion in climate-smart agriculture financing
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KES 11.5 million in solar solutions
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KES 94.8 billion issued in trade loans
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KES 1.27 billion in affordable housing financing
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KES 47.6 billion in loans to women entrepreneurs under DADA since inception
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8% of the loan book is committed to agriculture
The Stanbic Kenya Foundation continued to amplify nationwide impact, disbursing KES 57 million in catalytic MSME funding, training 6,664 individuals in financial literacy, and offering vocational training to over 7,000 youth and entrepreneurs.
Outlook: Stability amid fiscal pressures
The bank expects stabilising macroeconomic conditions—including a stronger currency, adequate FX reserves, well-managed inflation, and the resumption of South Sudan oil exports—to support gradual recovery.
Dr Oigara remained optimistic: “We are focused on delivering sustainable value for our shareholders while capitalizing on emerging opportunities. Our strategy is clear, and our momentum strong.”
Stanbic’s Q3 performance underscores a franchise leaning on strong fundamentals, customer trust, innovation and strategic execution—positioning the bank for a stronger closing quarter and long-term value creation.
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