HFCB Group Plc has reported a 59.9% jump in net profit to KSh 998.3 million for the six months ended 30 June 2026, up from KSh 624 million a year earlier. The results mark continued recovery as the group builds out its Tier II banking and financial-services platform.
HFCB Group headquarters in Nairobi. The lender recorded stronger half-year earnings on the back of higher net interest income and non-funded income.
Profit before tax climbed 74.2% to KSh 1.22 billion. Total operating income rose 32% to KSh 3.8 billion while operating costs increased at a slower 18%, supporting the improved bottom line.
Key Financial Highlights (H1 2026)
| Metric | H1 2026 | YoY Change |
|---|---|---|
| Profit After Tax (PAT) | KSh 998.3 million | +59.9% |
| Profit Before Tax (PBT) | KSh 1.22 billion | +74.2% |
| Net Interest Income | KSh 2.64 billion | +29.4% |
| Non-Funded Income | KSh 1.16 billion | +37.4% |
| Total Operating Income | KSh 3.8 billion | +32% |
| Total Assets | KSh 94.04 billion | +22% |
| Customer Deposits | KSh 68.97 billion | +31% |
| Gross Non-Performing Loans | KSh 11.19 billion | -2.1% |
Net interest income rose 29.4% to KSh 2.64 billion after the cost of deposits fell. Non-funded income grew 37.4% to KSh 1.16 billion, helped by digital banking fees, transactional income and trade finance.
Customer deposits expanded 31% to KSh 68.97 billion. Total assets reached KSh 94.04 billion. The cost of deposits dropped 68 basis points, protecting the net interest margin.
Asset Quality and Capital Position
Gross non-performing loans eased 2.1% to KSh 11.19 billion. Loan loss provisions rose 30% to KSh 273.9 million as the group strengthened its credit buffers.
Core capital surpassed KSh 10 billion, allowing HFCB to meet revised regulatory capital thresholds four years ahead of the 2029 deadline. The core-capital-to-risk-weighted-assets ratio stood at 20.7%, well above the 10.5% regulatory minimum. Liquidity remained comfortable at 54.4% against the 20% statutory floor.
Group CEO Robert Kibaara said the half-year performance showed the benefits of diversification beyond traditional mortgage lending.
Three-Year Profit Trajectory
The half-year numbers continue a clear recovery path:
- H1 2024: Net profit KSh 266 million
- H1 2025: Net profit KSh 624 million
- H1 2026: Net profit KSh 998.3 million
The rising profits come with lower funding costs, stronger deposit growth and a broader product mix across banking, property and bancassurance.
HFCB Growth in Context (Selected Tier II Peers)
| Bank / Group | Net Profit (PAT) | Profit Growth (YoY) | Total Assets | Customer Deposits |
|---|---|---|---|---|
| HFCB Group | KSh 998.3 million | +59.9% | KSh 94.04 billion | KSh 68.97 billion |
| National Bank of Kenya (NBK) | KSh 1.72 billion | +60.5% | KSh 157.09 billion | KSh 116.34 billion |
| Family Bank | KSh 3.70 billion | +61.8% | KSh 238.9 billion | KSh 180.2 billion |
| Prime Bank Group | KSh 3.31 billion | +23.6% | KSh 251.08 billion | KSh 168.11 billion |
HFCB’s profit growth rate is broadly in line with the strong growth reported by several mid-tier Kenyan banks. In absolute size the group remains smaller, with total assets roughly half those of NBK and about one-third those of Family Bank and Prime Bank.
With core capital already above the future regulatory threshold, HFCB is better placed to compete for market share while keeping its balance sheet strong.
Related:HFCB Kenya — Mortgage, SME & Retail Banking, Rehani House
—Family Bank Profit Jumps 61.8% to KSh 3.70 Billion
—National Bank of Kenya H1 2026 Profit Jumps 61% to KSh 1.72 Billion
What the Numbers Show
The first-half results show stronger earnings, expanding deposits, balance-sheet growth and capital levels that already meet future regulatory requirements. Liquidity remains solid and asset quality has stabilised.
HFCB Group continues to build on its repositioning as a full-service financial and property solutions provider with a Tier II banking core.
Sources
- HFCB Group Official Half-Year Results
- Nairobi Securities Exchange announcements
- Citizen Digital – HFCB Group H1 2026 Results
- Family Bank Official H1 2026 Results
- Kenyan Wall Street / Mwango Capital – Prime Bank Group H1 2026
- Capital FM / Khusoko – National Bank of Kenya H1 2026