Business
Dfcu slips into a loss position in first half of 2026
The loss position was driven largely by a jump in operating expenses, which climbed to sh230b from sh150.4b, a rise of about 53%. The increase outpaced growth in income, pushing the bank into a pre-tax loss of sh26.3b, compared to a pre-tax profit of sh39.7b in the first half of 2025.
Dfcu Limited has reported a loss after tax of sh15.8b for the six months to June 30, 2026, according to its unaudited interim financial statements.
By: Ali Twaha, Journalist @New Vision
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Dfcu Limited has reported a loss after tax of sh15.8b for the six months to June 30, 2026, according to its unaudited interim financial statements.
The performance for the period under review is a sharp reversal from the sh34.5b profit the bank recorded over the same period last year.
The loss position was driven largely by a jump in operating expenses, which climbed to sh230b from sh150.4b, a rise of about 53%. The increase outpaced growth in income, pushing the bank into a pre-tax loss of sh26.3b, compared to a pre-tax profit of sh39.7b in the first half of 2025. The board has not recommended an interim dividend.
Total operating income for the half year rose to sh215.6b from sh199.6b, an increase of about 8%. Net interest income, the bank’s core earnings driver from lending and investments, rose to sh158.9b from sh150.4b, up nearly 6%.
The loss position was driven largely by a jump in operating expenses, which climbed to sh230b from sh150.4b, a rise of about 53%. The increase outpaced growth in income, pushing the bank into a pre-tax loss of sh26.3b, compared to a pre-tax profit of sh39.7b in the first half of 2025. The board has not recommended an interim dividend.
Total operating income for the half year rose to sh215.6b from sh199.6b, an increase of about 8%. Net interest income, the bank’s core earnings driver from lending and investments, rose to sh158.9b from sh150.4b, up nearly 6%.
Fees and commission income grew 13.3% to sh35.3b from sh31.1b. Net loans and advances to customers stood at sh1.44 trillion as at 30 June 2026, up from sh1.27 trillion at the end of December 2025 and sh1.2 trillion a year earlier, representing growth of close to 14% since the start of the year.
Customer deposits rose to sh2.87 trillion, up from sh2.71 trillion at the end of 2025 and sh2.46 trillion in June 2025, a rise of about 6% for the half year and nearly 17% year on year.
Total assets grew to sh3.94 trillion from sh3.72 trillion at the end of December, while liquid assets, which include cash, government securities and bank balances, edged up to sh2.18 trillion from sh2.15 trillion.
Customer deposits rose to sh2.87 trillion, up from sh2.71 trillion at the end of 2025 and sh2.46 trillion in June 2025, a rise of about 6% for the half year and nearly 17% year on year.
Total assets grew to sh3.94 trillion from sh3.72 trillion at the end of December, while liquid assets, which include cash, government securities and bank balances, edged up to sh2.18 trillion from sh2.15 trillion.