Browsing: M-Shwari

NCBA Group Profits
  • The Kenyan lender with subsidiaries in Tanzania, Rwanda, and Uganda saw customer deposits close at $4.4 billion, 15.3 per cent, year-on-year.
  • Assets grew to $5.5 billion, 18.6 per cent up year-on-year.
  • During the year that ended December 31, 2023, NCBA’s loan book grew to $2.5 billion, up from $2.1 billion the previous year, signalling continued demand for credit.

Nairobi Security Exchange-listed bank–NCBA Group PLC has posted a profit after tax of $162.3 million in its full-year 2023, driven by positive operating income and a decline in loan impairment charges.

This was a 56 per cent increase compared to $104.2 million reported by the regional lender during a similar period …