NCBA Group Plc has posted a 159 % growth in profits for the first nine months of the year ended September 30. According to the lender’s results, net earnings in the group grew to Kes 6.5 billion during the period under review compared to Kes 2.5 billion posted during a similar period last year. NCBAÂ …
NCBA Profit Doubles to Kes 6.5 Billion in Q3 2021 Read More »
NCBA Bank has posted a 77 % rise in half-year profit to Kes 4.66 billion during the half-year period ended 30th June 2021 compared to Kes 2.6 billion recorded during the same period in 2020. The group attributed the strong financial performance to the steadily improving economic environment and early outcomes of the Group’s focus …
NCBA Records a 77% Jump in Profit to Kes 4.6 Billion in 1H2021 Read More »
NCBA Group PLC has recorded a profit after tax of Kes 2.84 billion for the quarter ending March 31, 2021. This was an increase of 74% compared to Kes 1.6 billion that the Group posted during a similar period in 2020. In Q1 2021, total assets increased to Kes 542 billion, representing a strong growth …
NCBA Group Reports Kes 2.84 Billion Profit for Q12021. Read More »
NCBA’s full-year net profit for the year 2020 nosedived by 42% to Kes4.6 billion as the bank ramped up its provisions for loan losses. The tier-one lender put aside Kes 20.4 billion to cover expected loan losses caused by the loan relief introduced by the government as a method to cushion the economy from the …
NCBA’s Post a 42% Decline in Profit For FY2020 Read More »
NCBA board has held back the declaration of an interim dividend for the period in line with its cash preservation stance.
NCBA Bank has appointed Tirus Mwithiga as the new Group Director Retail Banking as it seeks to strengthen and grow its retail business following regulatory approval. He brings to the Bank 29 years of experience in Retail Banking and Wealth Management having served in an array of leadership roles in banks locally, regionally and internationally, …
NCBA Picks Tirus Mwithiga as Group Director Retail Banking Read More »
The Group’s fundamentals remained strong in the first quarter of the year with overall positive volume increases, ending the quarter with a total assets base at Kes509.6billion.
The country’s third largest bank by assets had been set to pay the dividend to shareholders on the books on April 23.
The lender’s total operating income grew by 59 per cent to Ksh.33.7 billion from Ksh.21.2 billion posted in the previous year. The bank also realised a Ksh.4.1 billion windfall from a bargain purchase resulting from the merger between CBA and NIC completed in October last year.
