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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.