Page 2 - Ncba Group News Today

NCBA Group will spend close to Sh200 million as capital expenditure in opening new branches as part of local expansion.

NCBA Group will this month increase lending rates in the wake of a rise in the benchmark lending rate.

The nine Kenyan banks listed on the NSE retained a record Sh105.3 billion of the profits they made in the year ended December despite declaring all-time high dividend distributions to shareholders.

Kenyan lender injects Sh2bn into the ailing subsidiary to boost its operations.

The move is part of efforts by the lender to shore up its regional retail banking business.

NCBA Group has increased its dividends payout for the second straight year after net profit for the financial year ended December 2022 grew by 35 percent to Sh13.78 billion.

The Nairobi Securities Exchange (NSE) lost Sh24.45 billion in investor wealth in January.

NCBA Group and Absa Bank Kenya have risen to overtake Standard Chartered Bank Kenya in the market capitalisation ranking of Kenya’s listed lenders.

Standard Chartered Bank Kenya’s share price touched a new 52-week high of Sh160 on Monday.

NCBA defied the stock market crash to emerge the best stock at the NSE.