But first…Your best opportunity to strengthen your financial decision-making this June is here with the 78th Abojani Personal Finance, Saving & Investing Masterclass
Banking Sector Q1 2026 Earnings Season Closes
The banking sector’s Q1 2026 earnings season came to a close this week, offering a clearer view of performance across listed lenders.
Equity Group emerged as the most profitable and most diversified bank, maintaining its leadership in income from regional subsidiaries. KCB retained its position as the largest bank by asset base, while HFCB recorded the fastest profit growth during the period.
On efficiency metrics, BK Group and Absa Bank Kenya stood out, while DTB continued to trade as one of the most attractively valued banks on a price-to-book basis. Seven banks now report shareholders’ funds exceeding Ksh 100 billion, underscoring the scale of the sector.
Listed Banks Deliver Ksh 73.7 Billion in Q1 2026 Profits
Kenya’s listed banks reported a combined profit of Ksh 73.7 billion in Q1 2026, with six banks delivering double-digit growth.
The results highlight continued resilience in the sector despite varying performance across individual institutions.
BK Group Q1 2026
BK Group reported a 4.3% increase in profit after tax to Ksh 2.4 billion, supported by a 15.2% rise in net interest income to Ksh 5.1 billion.
The group’s insurance subsidiary also recorded strong growth, with profits increasing by 58% to RWF 1.15 billion.
Absa Bank Kenya Q1 2026
Absa Bank Kenya posted a 13.9% decline in profit after tax to Ksh 5.3 billion, driven by lower interest income and reduced non-funded income.
Prime Bank Q1 2026
Prime Bank reported a 25.3% increase in profit after tax to Ksh 1.8 billion, supported by strong growth in net interest income.
Standard Chartered Kenya Q1 2026
Standard Chartered Bank Kenya recorded a 26.3% decline in profit after tax, from Ksh 4.86 billion in Q1 2025 to Ksh 3.58 billion in Q1 2026. The decline was mainly driven by a 22.3% fall in interest income, which dropped from KSh 9.3 billion to Ksh 7.2 billion.
I&M Bank Lists MTN on the NSE
I&M Bank listed the first tranche of its Medium-Term Note (MTN) on the Nairobi Securities Exchange, enabling secondary market trading for investors.
I&M Group Q1 2026
I&M Group reported a 20.3% increase in profit attributable to shareholders to Ksh 4.7 billion, driven by a 31.1% rise in net interest income.
Family Bank Q1 2026
Family Bank saw a 52.6% increase in profit after tax, hitting Ksh 1.60 billion in Q1 2026, up from Ksh 1.05 billion in Q1 2025. This growth was mainly due to a 45.5% rise in net interest income, which reached Ksh 4.72 billion.
HFCB Q1 2026 and Rebrand
HFCB recorded a 45% increase in profit after tax to Ksh 485 million, driven by growth in both funded and non-funded income.
The group also completed its rebrand from HF Group PLC to HFCB, to align its identity across its subsidiaries and to strengthen market positioning and support long-term growth.
Corporate Updates
NCBA Insurance held a breakfast engagement with members of the Association of Insurance Brokers of Kenya to discuss collaboration, innovation, and the role of Insurance Premium Financing (IPF) in expanding insurance access in Kenya.
The 4th Business Daily Investor Education Conference took place this week at the Mövenpick Hotel in Nairobi. The theme was “The Future of Investing: Diversifying Portfolios in a New Era.” More than 250 investors, policymakers, and financial experts came together to talk about asset diversification and future investment strategies.
Equity Group Holdings PLC is seeking shareholder approval to establish three new insurance subsidiaries through its holding company, Equity Group Insurance Holdings Limited.
Treasury Bills Undersubscribed
Treasury bills were undersubscribed at 69.3%, with the government raising Ksh 16.6 billion against an offer of Ksh 24 billion. The 91-day yield stood at 8.3884%.
Abojani X TRIFIC SEZ X-Space
We held an X Space in partnership with TRIFIC SEZ to discuss REITs and Structured Real Estate Investing.
Here are the key takeaways:
- REITs distribute income to investors semi-annually
- TRIFIC SEZ has a host of many tenants paying a total of about $3.2 million in rent.
- If you are looking to diversify your investments, rental income is a good option that can provide higher returns than traditional investing.
- The challenge with traditional real estate investing is that your capital is lost. It takes months to sell property and enjoy liquidity.
Upcoming Corporate Actions
IFB1/2022/006 Bondholders are set to receive their coupon payment tomorrow.
Stanbic and Co-op Bank shareholders will receive their dividend payments this coming week.
To reiterate, we believe investing in financial literacy is one of the best decisions you can make. If you are looking to elevate your personal financial knowledge, we invite you to join our next masterclass, running from 8th June to 26th June 2026.
Price: Ksh 7000
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CEO & Co-Founder, Abojani Investment
Robert Ochieng is a visionary entrepreneur and the co-founder of Abojani Investment, a leading financial education platform in Kenya that has empowered over 20,000 Africans to embark on their investment journeys. As CEO, he has demonstrated an unwavering commitment to financial literacy, successfully demystifying money and investments and making them accessible and relevant to individuals from all walks of life.
Running Thriving Investment Communities
Robert’s influence extends well beyond Abojani Investment’s core offerings. He has actively fostered a sense of community by running investment forums and groups with a vast following of over 300,000 Africans. These communities provide a safe space for individuals to exchange ideas, share experiences, and support each other on their investment journeys.
Vision for the Future
As co-founder of Abojani Investment, Robert envisions a financially empowered Africa. He strives to expand the reach of his financial education initiatives, enabling millions more to gain the knowledge and confidence needed to achieve their financial goals. His vision is to create a society where every individual has the tools and understanding to build lasting wealth and prosperity.
Professional Background
Robert Ochieng is a highly accomplished CEO at the helm of Abojani Investment, an investment and advisory firm in Kenya. He is a seasoned professional with over 14 years of experience in IT, Finance, and leadership.
His career includes key roles at prominent institutions such as Equity Bank, Gulf African Bank, Guaranty Trust Bank (GTBank) and Airtel.
Robert’s expertise has also been sought after by the National Treasury for consultancy on planning and budgeting systems, showcasing his exceptional knowledge and skills in the field. Passionate about driving meaningful conversations and collaborations between academia, industry, and the public sector, Robert actively engages in research projects focusing on digital transformation within the financial services sector. With his visionary leadership and strategic insights, Robert Ochieng continues to make a significant impact in the business world.
