UBA Kenya cuts losses, awaits fresh capital injection
The bank’s core capital stands at Sh1.49 billion against the CBK requirement of Sh3 billion by December and Sh10 billion by 2029.
UBA Kenya has broken even in the first half of the year, narrowing its loss to Sh306,000 from Sh248.5 million a year earlier. The bank is seeking a capital injection from its Nigerian parent company to meet stricter CBK capital requirements.
It plans to resume aggressive lending after cutting back its loan book to reduce risks.
The bank’s core capital stands at Sh1.49 billion against the CBK requirement of Sh3 billion by December and Sh10 billion by 2029.
UBA Kenya says its parent company is ready to provide the needed funding. The move will allow the lender to strengthen compliance and capture growth opportunities in the Kenyan market.
UBA Kenya has trimmed costs and stabilised operations, reporting a break-even position in June 2025.
With CBK raising minimum capital thresholds, the bank is turning to UBA Plc for support. It says the measures will secure compliance, boost lending, and position it for long-term profitability.
