NPF Microfinance Bank Plc grew its half-year profit by 5.7 percent to N2.04 billion in the six months ended June 30, 2026, as stronger interest income from its expanding loan book outweighed rising funding and operating costs, amid Nigeria’s high interest-rate environment.
According to the second quarter interim financial statement, the lender reported profit after tax of N2.044 billion, compared with N1.934 billion in the corresponding period of 2025.
The second quarter alone contributed N1.021 billion, up from N959.1 million recorded in the same quarter last year. Earnings per share improved to 34 kobo from 32 kobo, reflecting the steady growth in shareholders’ returns.
The performance was driven primarily by a significant expansion in interest-earning assets. Gross earnings surged to 21.2 percent to N11.18 billion in H1 2026 from N9.23 billion in H1 2025, while interest income rose 25.2 percent to N10.18 billion, reflecting higher yields on loans and advances as well as investment securities.
Although the cost of funds increased sharply, the bank maintained healthy lending margins. Interest expense more than doubled to N1.35 billion from N610.2 million, mirroring the elevated interest-rate environment and higher deposit costs across the banking sector.
