Slide 1: NCBA Q1 2026 Investor Deck
PG NCBA Q1 2026 Investor Deck May 2026
Slide 2: Contents
CONTENTS WHO WE ARE < OPERATING ENVIRONMENT < UPDATE ON STRATEGY < FINANCIAL PERFORMANCE Q1 2026<
Slide 3: Q1 2026 Key Messages
PG 3 Q1 2026 KEY MESSAGES 1 2 3 We have began delivering on our Strong momentum in Q1 2026 Strategic Partnership with Nedbank 2026-2030 Strategy 1. Fortify the core of our business; 1. Operating income grew by 15% (KES 20Bn Q1 1. Execution firmly on course, with key ✓ Strengthened customer advocacy
Slide 4: Contents
CONTENTS WHO WE ARE < OPERATING ENVIRONMENT < UPDATE ON STRATEGY < FINANCIAL PERFORMANCE Q1 2026<
Slide 5: Who We Are | Our Group Structure
PG 5 WHO WE ARE | Our Group Structure We have expanded beyond our banking roots to providing non-banking services to our customers NCBA GROUP PLC BANKING SUBSIDIARIES NON-BANKING SUBSIDIARIES NCBA NCBA NCBA NCBA NCBA NCBA NCBA BANK BANK BANK BANK INSURANCE NCBA LOOP DFS BANCASSURANCE INVESTMENT KENY
Slide 6: Who We Are | NCBA Overview
PG 6 WHO WE ARE | NCBA Overview Our footprint demonstrates a diversified group and a unique financial services partner across the region UGANDA Banking Business 5 Branches Customers KES KES KES • 9.4K Core Bank • 15.9Mn Digital 133Bn 741Bn 359Bn Capital Deposits Lending +4,010 Staff ~USD 1Bn ~USD 6B
Slide 7: Who We Are | Our Positioning
PG 7 WHO WE ARE | Our Positioning Anchored in our core values & customer promise, we are committed to becoming East Africa’s most trusted financial ally OUR PURPOSE, VISION & GOAL OUR VALUES CUSTOMER PROMISE Our Purpose, Vision and Goal are We remain deeply committed to Our Customer aligned to enabl
Slide 8: Ubuntu
PG 8 WHO WE ARE | Our Positioning Ubuntu mindset is our edge; uniting teams, aligning with our customers and transforming shared belief into shared value BELONGING UNDERSTANDING “I am part of something “My Bank gets me. My bigger than myself. My ideas and challenges presence matters here.” are under
Slide 9: Who We Are | Awards & Accolades
PG 9 WHO WE ARE | Awards & Accolades We have received several notable accolades, including excellence in Customer Experience, Data Protection & Compliance, Youth Financial Inclusion, and recognitions in Leadership & Governance Digital & Operational Sustainability, Risk & Governance & Leadership BRAN
Slide 10: Who We Are | Senior Leadership
PG 10 WHO WE ARE | Senior Leadership We are led by an exceptional team who have demonstrated resilience & agility in responding to market dynamics & pursuing growth with an average tenure of 10yrs with the Group John Gachora David Abwoga Esther Kung’u Monicah Kihia Tim Armitage Louisa Wandabwa James
Slide 11: Contents
CONTENTS WHO WE ARE < OPERATING ENVIRONMENT < UPDATE ON STRATEGY < FINANCIAL PERFORMANCE Q1 2026<
Slide 12: Our Operating Environment: Global GDP growth revised to 3.1%
PG 12 OUR OPERATING ENVIRONMENT Global GDP growth revised to 3.1% following disruptions and uncertainty caused by the Middle East war Global GDP growth is projected to slow due Major central banks hold policy rates steady Global inflation is now projected at 4.4% in 1 to the Iran conflict and energy
Slide 13: Our Operating Environment: Regional outlook divergent
PG 13 OUR OPERATING ENVIRONMENT The region’s outlook appears broadly divergent amid varied fiscal and policy buffers to withstand the Middle East shock KENYA UGANDA RWANDA TANZANIA • 2026 GDP forecast now at 4.0%- 4.5% • 2026 economic growth expected to expand • 2026 growth projected to flatline at
Slide 14: Contents
CONTENTS WHO WE ARE < OPERATING ENVIRONMENT < UPDATE ON STRATEGY < FINANCIAL PERFORMANCE Q1 2026<
Slide 15: Our Strategy 2026-2030
PG 15 OUR STRATEGY 2026-2030 We have entered our next strategic cycle — anchored on four strategic pillars that will unlock greater possibilities for our stakeholders – customers, communities & partners Our Purpose Banking on Belief, Empowering Ambitions 1. Fortify the Core 2. Scale High Growth Segm
Slide 16: Our Strategy 2026-2030: Delivering with solid outcomes
PG 16 OUR STRATEGY 2026-2030 Building on our foundation; we have begun delivering on our 2026-2030 Strategy with solid outcomes Strategy Outcomes Financial Outcomes Q1 25 Q1 26 Total Assets Fortify the Core Core Bank 741 Engineer our business to Customer 517 deliver trust, relevance and 434 656 Grow
Slide 17: Fortify the Core: Reliability as the Proof of our Brand
PG 17 OUR STRATEGY: FORTIFY THE CORE Reliability as the Proof of our Brand : We have bolstered operational reliability and reinforced our brand to deepen customer trust and preference We are investing in new infrastructure and upgrading our systems to deliver operational We are seeing a clear improv
Slide 18: Fortify the Core: Elevate Corporate Banking
PG 18 OUR STRATEGY: FORTIFY THE CORE Elevate Corporate Banking: We have a large and resilient corporate business, with disciplined margin management improving outcomes and Connect Plus enhancing customer experience Corporate Loans & Deposits Beyond Lending Amounts in KES Bns Corporate Lending Corpor
Slide 19: Scale High Growth Segments: Access as our Wealth Edge
PG 19 OUR STRATEGY: SCALE HIGH GROWTH SEGMENTS Access as our Wealth Edge: By elevating access, curating more and partnering wider, we are building the platform and capabilities to win in Wealth Management How We are Scaling Elevate Wealth Access Curate New Products Enhance our Advisory Services Tran
Slide 20: Scale High Growth Segments: Digital Simplicity for the Modern Consumer
PG 20 OUR STRATEGY: SCALE HIGH GROWTH SEGMENTS Digital Simplicity for the Modern Consumer: We are accelerating customer acquisition through a blend of traditional and digital channels, driving growth in our mobile lending activity & digital account opening Customer Acquisition Digital Vs Branch Tran
Slide 21: Digital lending leader scaling disbursements across Africa
PG 21 OUR STRATEGY: SCALE HIGH GROWTH SEGMENTS Digital Simplicity for the Modern Consumer: We are the undisputed digital lending leader, scaling our digital disbursements seamlessly across Africa Evolution of Digital Disbursements (KES Bns) Group Fuliza (KE) M-Shwari (KE) LOOP B2C (KE) 354.4 391 271
Slide 22: Insurance Embedded in Every Relationship
PG 22 OUR STRATEGY: SCALE HIGH GROWTH SEGMENTS Insurance Embedded in every relationships: Our insurance subsidiaries have delivered remarkable gains, with significant growth in our gross written premiums NCBA Insurance NCBA BancAssurance Current Position NCBA Insurance GWP (KES Bns) Bancassurance GW
Slide 23: Unlock New Growth Frontiers: Beyond Organic, Nedbank-NCBA Transaction
PG 23 OUR STRATEGY: UNLOCK NEW GROWTH FRONTIERS Beyond Organic: The Nedbank- NCBA transaction will accelerate our strategy; deepen capabilities & accelerate long-term growth while offering value to shareholders About Nedbank Strategic Rationale ▪ Nedbank is one of Africa’s oldest and largest diversi
Slide 24: Future Ready Ubuntu: Talent that Powers the Mission
PG 24 OUR STRATEGY: FUTURE READY UBUNTU Talent that Powers the Mission: We continue to invest in talent, enhancing capability, retention, and long-term value creation… Talent Recruitment Staff Count Staff Retention 4,010 92.6% 50+ 3,761 90.7% Interns Onboarded by the Bank for the 4th Cohort of Go-Ge
Slide 25: Environmental Social & Governance
PG 25 OUR STRATEGY: FUTURE READY UBUNTU ESG Integrated: We were the Lead Arranger and Placing Agent for the KMRC Green Bond, as well as trustee and receiving bank for the first dollar-denominated Green REIT Green Finance raised & Socially responsible Financial Inclusion Environmental disbursed inves
Slide 26: Future Ready Ubuntu: Brand Ubuntu
PG 26 OUR STRATEGY: FUTURE READY UBUNTU Brand Ubuntu: We are deepening brand connection through flagship events, targeted campaigns, and the launch of our new website, enhancing engagement, visibility, and customer experience Our Brand Assets Brand Outcomes (Annual Surveys) Launch of NCBA New Websit
Slide 27: Contents
CONTENTS WHO WE ARE < OPERATING ENVIRONMENT < UPDATE ON STRATEGY < FINANCIAL PERFORMANCE Q1 2026<
Slide 28: NCBA Group Financial Performance: Subsidiary PBT
PG 28 NCBA GROUP FINANCIAL PERFORMANCE Our diversified business model continues to demonstrate growth and resilience, with our digital banking subsidiaries leading the charge delivering a 50% profit growth in Q1 2026 Core Banking Subsidiaries Digital Banking Subsidiaries Amount in KES Millions (PBT)
Slide 29: Group Financial Performance: Resilient asset base
PG 29 NCBA GROUP FINANCIAL PERFORMANCE Our Group continues to demonstrate strong fundamentals with a resilient asset base which is delivering stability in our earnings Amounts in KES Bns Balance Sheet Income Statement Gross Loans NPL ratio Total NFI/Total Total Assets ROAA Customer Deposits LDR PBT
Slide 30: Banking Subsidiaries
PG 30 NCBA GROUP FINANCIAL PERFORMANCE We are seeing strong revenue contributions across our group with stable return outcomes REVENUE % CONTRIBUTION EFFICIENCY RETURNS* TOTAL INCOME COST TO INCOME RATIO RETURN ON AVERAGE EQUITY NCBAK KES16.3Bn 81.8% 45.8% 20.5% Banking Subsidiaries NCBAU KES1.1Bn 5
Slide 31: Regional revenue and PBT contribution
PG 31 NCBA GROUP FINANCIAL PERFORMANCE Our regional business maintains a consistent income contribution to the Group, with PBT moderated by the non-recurrence of prior year recoveries Regional PBT (KES Mns) % Share to Group Regional Revenue (KES Mns) % Share to Group 14.6% 12.7% 16.5% 12.1% 10.8% 9.
Slide 32: Digital investments driving disbursement growth and profitability
PG 32 NCBA GROUP FINANCIAL PERFORMANCE Digital investments are driving strong disbursement growth and improving profitability, with our digital business now contributing 31% of Group PBT Total Digital Disbursements (KES Bns) Digital PBT (KES Bns) % Share to Group 31.0% 20.5% 22.5% 391 2,305 307 1,53
Slide 33: Deposit mobilization and CASA mix
PG 33 NCBA GROUP FINANCIAL PERFORMANCE We are seeing recovery in our deposit mobilization in addition to the positive impact in a higher CASA mix and improved funding cost efficiency Deposits rebalance towards a stronger mix, with disciplined …CASA is now 54% of our deposit mix pricing driving a ste
Slide 34: Margin expansion and net interest income growth
PG 34 NCBA GROUP FINANCIAL PERFORMANCE Disciplined pricing and lower funding costs have supported our margin expansion and delivered strong growth in net interest income Our balance sheet re-pricing and funding optimization have translating into a meaningful uplift in net interest driven steady NIM
Slide 35: FCY deposits and non-funded income
PG 35 NCBA GROUP FINANCIAL PERFORMANCE Our business delivered growth in both local and foreign currency deposits driving our FX fee income in addition to fees from our digital banking proposition We continue to grow our FCY deposit book.. …while fees from digital lending, FX income and core services
Slide 36: Asset quality and NPL ratio versus peers
PG 36 NCBA GROUP FINANCIAL PERFORMANCE With credit expanding, asset quality has remained sound with NPL ratio remaining stable relative to KE industry at large… We have expanded our lending… …however, we have consistently delivered a better-quality loan book compared to similarly sized peers & KE in
Slide 37: Provisioning and coverage by stage
PG 37 NCBA GROUP FINANCIAL PERFORMANCE …supported by prudent provisioning and strengthening coverage across all loan classification stages Stage 1 Stage 2 Stage 3 66.2% 0.9% 27.7% 60.3% 0.9% 55.8% Coverage 0.8% 12.6% 13.3% Ratio (%) 299 40 274 39 242 38 37 35 Gross Loans 21 & Advances (KES Bns) Q1 2
Slide 38: Opex and efficiency outcomes
PG 38 NCBA GROUP FINANCIAL PERFORMANCE Even as we continue to invest in the business, we are now seeing positive efficiency outcomes in our business OPEX Increased by 9% in Q1 25 as we continued to book growth …notwithstanding our efficiency metrics improved significantly, related expenses with CIR
Slide 39: Capital adequacy across markets
PG 39 NCBA GROUP FINANCIAL PERFORMANCE The Group remains well capitalized, with strong buffers above regulatory requirements supporting continued growth and resilience across all our markets Total Capital/RWA across our Markets Minimum Buffer Q1 26 Q1 25 Requirements 7.3% 21.8% 21.6% Group 14.5% 14.
Slide 40: Strong return outcomes aligned with Tier 1 banking
PG 40 NCBA GROUP FINANCIAL PERFORMANCE …while consistently delivering strong return outcomes aligned with Tier 1 banking performance over the last three years We are delivering on post merger promises on ROE… …while matching similar sized peers on ROA 21.9% 3.4% 3.3% 19.4 18.4% 3.0% Q1 24 Q1 25 Q1 2
Slide 41: FY 26 Guidance
PG 41 FY 26 GUIDANCE We expect a continued and strong underlying growth trajectory across the following metrics Metric FY 26 Guidance Commentary • Create value for our shareholders and re-invest Return on Equity >20% internal capital generated to foster growth • Unlock more capital allocation to new
Slide 42: Q1 2026 Key Messages
PG 42 Q1 2026 KEY MESSAGES 1 2 3 We have began delivering on our Strong momentum in Q1 2026 Strategic Partnership with Nedbank 2026-2030 Strategy 1. Fortify the core of our business; 1. Operating income grew by 15% (KES 20Bn Q1 1. Execution firmly on course, with key ✓ Strengthened customer advocacy
Slide 43: Disclaimer
PG 43 DISCLAIMER Disclaimer: These results are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or financial instruments. With regards to any market or other third-party data included in this release, NCBA Group Plc (“the Group”) can prov
Slide 44: PG
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Slide 45: Appendix I: Statement of Profit & Loss
PG 45 APPENDIX I Statement of Profit & Loss Amounts in KES Millions NCBA Bank Kenya NCBA Group Consolidated Q1 25 Q1 26 ∆% Q1 25 Q1 26 ∆% Interest Income 15,217 15,718 3% 17,174 17,696 3% Interest Expenses (6,381) (4,738) (26%) (7,203) (5,527) (23%) Net Interest Income 8,836 10,980 24% 9,971 12,168
Slide 46: Appendix II: Statement of Financial Position
PG 46 APPENDIX II Statement of Financial Position Amounts in KES Millions NCBA Bank Kenya NCBA Group Consolidated Q1 25 Q1 26 ∆% Q1 25 Q1 26 ∆% Assets Net Loans and Advances 254,883 285,195 12% 287,016 324,395 13% Investments 193,315 222,647 15% 222,262 256,399 15% Cash and Balances with Banks 75,01
Slide 47: Appendix III: Loan book well diversified
PG 47 APPENDIX III Our loan book is well diversified across industry, product and currency Q1 2026 Loan Book Loan Book by Sector Loan Book by Segment Loan Book by Currency Manufacturing 19.4% SME Personal 22.0% 15% FCY Trade 32% 21.7% Transport 10.7% Financial Services 5.8% Corporat Personal e Mortg