Dr. Joshua Oigara, Regional Chief Executive for East Africa, Standard Bank Group, during the opening of the 3rd Stanbic East Africa Business Summit held in Kampala, Uganda, a premier regional forum focused on unlocking East Africa's economic potential through trade, investment, and collaboration.
Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc that is listed at the Nairobi Securities Exchange(NSE) recorded a decline in Net Profit for the first nine months of this year to KSh9.38 Billion, being among the first lenders to report a decline in the banks Q3 earnings period.
When trading ended at the Nairobi Securities Exchange(NSE) Thursday, November 20 2025, the stock price fell 1.04% to KSh 191.00 per share as investors priced in the earnings report.
Stanbic Management attributes this fall in net earnings to a 25% cent slump in gross interest income due to an aggressive stance by the Central Bank of Kenya(CBK) to cut lending rates as shown by lowering of yields on Government paper, and a 49% decrease in foreign exchange revenue due to a strong Kenya Shilling. This sluggish performance due the prevailing environment, however, partially offset by a 49% reduction in interest expenses and a 34% jump in foreign exchange trading volumes.
The lender's loan book increased in size by 16% to KSh253 billion, outpacing private sector growth, while Deposits grew 5 per cent to KSh344 billion, reflecting strong customer confidence.
Stanbic Bank Kenya and South Sudan Regional Chief Executive, Dr Joshua Oigara, highlighted the bank's strong performance in the first nine months of 2025, emphasising growth in loans and deposits despite challenging market conditions.
"Our Q3 performance reflects the strength of our franchise and the confidence our customers place in us. With robust growth in loans and deposits, we are building the foundations for sustainable earnings as we transform for the future. We are confident this momentum will translate into stronger returns and lasting value for our shareholders," said Dr Oigara
The Bank's KSh476 billion balance sheet remains resilient, focused on key sectors including oil and gas, agriculture, SMEs, and individual lending. For the second consecutive year, Stanbic facilitated a USD 1.5 billion Eurobond for the Government of Kenya.
Oigara also stressed the bank's commitment to supporting key sectors of the economy, noting that strategic growth in loans and deposits was helping close the profitability gap.
"Our commitment to supporting key sectors of the economy has driven solid growth in loans and deposits, building momentum towards closing the profitability gap and achieving our full‑year ambitions. We remain focused on delivering sustainable shareholder value while capitalising on emerging opportunities," Oigara added.
Non-performing loans stood at 8.4 per cent, well below the industry average of 17.1 per cent, while the credit loss ratio was 1.11 per cent.
Dennis Musau, Stanbic Bank's Chief Financial and Value Officer, spoke on the resilience of the bank's balance sheet and its operational focus in a stable environment.
"Our balance sheet momentum remains strong, supported by sustained customer activity. While margin compression has moderated earnings, our strategic position remains solid, anchored in a stable operating environment," said Musau.
"Our commitment to elevating our customer experience and creating operational efficiencies continues to deliver value."
The lender's financial investments increased in value by 31.8% to KSh100.4 billion; made up of KSh94.8 billion in trade loans; KSh1.27 billion in affordable housing loans; KSh47.6 billion disbursed to women in business; and 8% of the loan book allocated to agriculture.
In its endeavour to go green, Stanbic issued loans amounting to KSh4.5 billion for construction of green building, KSh1.8 billion for climate-smart agriculture projects, and over KSh11.5 million for solar-power projects.