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Family Bank, Absa Bank report first half 2026 results

  • Absa Bank reported a 10% drop in half year profit to Sh10.5 billion and raised interim dividends to Sh0.50.
  • Family Bank half year profits surged 62% to Sh3.7 billion on higher income.
  • NCBA Group half year profits rise 12% to Sh12.4bn
    NCBA Group reported a 12.2 per cent rise in half-year net profit to Sh12.4 billion for the six months ended June 2026 and increased its interim dividend by 50 per cent to Sh3.75 per share, up from Sh2.50 a year earlier.
    The lender increased loan loss provisions by 60 per cent to Sh5.2 billion compared to Sh3.2 billion reported during the same period last year.
    NCBA Group Managing Director, John Gachora, said the increase was necessary to position the bank to absorb any potential risks.
  • DEVELOPINGSTORY
    EABL profits jump 49% to Sh18.2bn
    East African Breweries Limited (EABL) has reported a 49 per cent jump in net profit to Sh18.2 billion, up from Sh12.2 billion it reported a year earlier.
    The board has declared a final dividend of Sh8.70 per share, payable on October 31, 2026, to shareholders on the register at the close of business on October 19, 2026.
    The Group's Managing Director, Jane Karuku, told investors the performance was driven by country and category growth in volume and revenue with great delivery on productivity and cash.
  • Stanbic Holdings' half-year earnings rise 1% to Sh6.6B
    Stanbic Holdings reported a 1% increase in half-year net profit to Sh6.6 billion for the six months ended June 2026, supported by a 4% rise in net interest income to Sh12.3 billion, while non-interest income remained flat at Sh7.6 billion compared with the same period last year.
    The lender cut its credit impairment charges by half to Sh725m, compared to Sh1.4 billion it set aside last year.
    Stanbic Holdings has declared an interim dividend of Sh1.64 per share, payable on October 5, 2026, to shareholders on the register at the close of business on September 1, 2026.
  • NSE plans to roll out AI-focused ETF - Reuters
    Nairobi Securities Exchange is creating East Africa's first AI stocks-focused exchange-traded ​fund, which it plans to offer to investors before year-end, NSE CEO, Frank Mwiti, told Reuters.
    "We want essentially to be able to bring a product to our market where the underlying basket is a reflection of companies that have a direct exposure to ​AI," Frank Mwiti told Reuters.
    "There is... ​a vibe in the market that there might be a bubble around AI, so maybe there is also an aspect of waiting ​and seeing," he said.
  • Safaricom sheds 4% after going ex dividend
    Safaricom shares fell by Sh1.30 or 4 per cent in early trading today after closing its books for the final dividend yesterday.
    The company will pay the final dividend of Sh1.15 per share on 4th September 2026.
  • Family Bank surges 8% in early trading to Sh34
    Family Bank, which listed in June by introduction at Sh 18, has surged 8 per cent today in early trading to Sh34. The stock has risen 42% from its first close of Sh24 after listing.
  • SanlamAllianz Life Insurance Kenya launches Flexi Future Plus
    SanlamAllianz Life Insurance Kenya has launched Flexi Future Plus, a new savings and life insurance solution designed to help Kenyans build wealth confidently while protecting what matters most.
    Flexi Future Plus is a goal-based endowment plan that enables customers to save towards important life milestones such as education, retirement, purchasing a home or achieving other long-term financial goals.
    The product combines guaranteed maturity benefits with life insurance protection, giving customers both financial growth and peace of mind. Flexi Future Plus allows customers to choose a policy term of between five and seventeen years, make regular or single premium contributions and receive their maturity benefit either as a lump sum or in up to three annual instalments.
    Customers can also tailor their cover with optional benefits, including critical illness, permanent disability, retrenchment or family protection, ensuring they remain financially secure through life's changing circumstances.