United Bank for Africa Kenya has staged a strong financial turnaround, posting a profit before tax of KES 426.8 million in 2025, compared to a loss in 2024—representing a 173% improvement and marking a major milestone in the bank’s transformation journey.
The performance underscores renewed momentum and reinforces the bank’s commitment to sustainable growth in the Kenyan market.
Capital Strength and Market Confidence
In Q1 2026, the bank received additional capital support from its parent company, UBA Plc, enabling it to fully comply with the Central Bank of Kenya minimum core capital requirement of KES 3 billion.
This move signals strong shareholder confidence in Kenya as a strategic growth market, while positioning UBA Kenya as a well-capitalized and resilient financial institution.
Strong Growth Across Key Metrics
The bank recorded notable growth in core business areas:
- Customer deposits surged by 76% to KES 1 billion, reflecting rising trust
- Loans and advances grew by 131%, indicating increased support to businesses and key sectors
These gains highlight improved customer relationships and a renewed focus on driving economic activity.
Backing Infrastructure Development
UBA Kenya also played a pivotal role in the USD 150 million Road Securitization Programme, a major infrastructure financing initiative aimed at:
- Unlocking liquidity for road contractors
- Accelerating completion of stalled projects
- Enhancing trade and mobility across the country
This positions the bank as a key player in structured finance and national development.
Leadership Perspective
George O. Otieno, Chairman of the Board, described the turnaround as a significant milestone:
“UBA Kenya’s return to profitability reflects the Group’s strong confidence in Kenya and positions the bank to play a greater role in supporting economic growth.”
Mary Mulili, Managing Director and CEO, added:
“Our return to profitability is a clear signal that UBA Kenya is on the right path. We have strengthened our foundation and are now focused on growth.”
Strategic Growth Pillars
UBA Kenya’s future growth will be driven by:
- Cross-Border Trade: Leveraging pan-African platforms like PAPSS
- Sector-Focused Lending: Targeting manufacturing, agriculture, trade, mining, and construction
- SME Financing: Supporting business ecosystems and value chains
- Digital Innovation: Expanding digital banking and payment solutions
- Sustainable Finance: Advancing green and clean energy investments
Outlook
With a strengthened capital base and improved financial performance, UBA Kenya is now focused on:
- Scaling lending across priority sectors
- Driving financial inclusion
- Enabling intra-African trade
- Supporting infrastructure and economic growth
The bank’s outlook remains strong and optimistic, signaling a new chapter of growth as it deepens its role in Kenya’s financial and economic landscape.