NCBA Bank



 NCBA Bank H1 Financial Results 

NCBA subsidiaries 

 NCBA Bank Kenya PLC.                                     NCBA Bank Rwanda PLC.                               NCBA Bank Uganda PLC.                                   NCBA Bank Tanzania PLC.                               NCBA Bank Ivory Coast PLC.                             NCBA Bank Ghana PLC

Purpose: To be the financial partner that your growth needs. 

Financial achievements so far. Profit after tax of Ksh 9.8 billion. Steady balance sheet that has led to the bank becoming the 3rd largest bank in Kenya. 85th most valuable brand in Africa and among the top 10 most valuable brands in Kenya. 2020-2024 strategic season has delivered on the key items that had been planned. The bank was operating in 20 counties across Kenya before the merger and now operates on 30 counties across Kenya after the merger. There were 72 branches across Kenya before the merger and there are 96 branches across Kenya after the merger. 37% market share in the Kenyan market. Ksh 213 billion as deposits as at end of June this year. Huge deposits means that customers trust you. We have grown to become the number 2 corporate bank in the region through internet banking. 

Internet banking. It was designed using feedback inputs from our customers. The processing is smooth since all or almost all previous problems were addressed. Main features include Streamlined approval process, visually appealing design and easy navigation to access statements. We have modernized our IT infrastructure through upgrading IT infrastructure, cloud migration and server upgrade. All the above contributes to improving customer experience. 87% of transactions are now executed digitally including digital loans. The end results are the usage of both NCBA app and Loop App. 

Community activities are done effectively to increase the impact of NCBA upon local communities. The tree planting agenda has involved planting over 500,000 trees. The bank has so far in the past year given out 169 scholarships for school going children. 

Finally, acquisition of AIG Insurance has led to the bank spreading it's wings to the insurance sector as well. 

Comments

Post a Comment

Popular posts from this blog

IYF weekend Academy

Image
 IYF Weekend Academy Season 7 Graduation  Notable Chief guests included Emily Maina who is the Director of Youth Social Development for Youth Affairs at the Ministry of Youth Affairs, Creative Economy and Sports, Rev Yohan Kim and Deputy Governor at Kiambu County. IYF Academy has provided skills to disadvantaged youths. This initiative, a 3 months cohort structure has equipped students with practical skills. Since 2007, IYF has channeled out over 60,000 graduates. Over 5,000 youth graduated with certificates through the IYF Free Academy which offers plumbing, hairdressing, catering, computer packages, fashion and design. The institution is committed to youth empowerment. Young people don't lack potential they lack opportunities and exposure. This institution..... Successful global economies such as USA, Singapore, Scandinavian countries and China have 2 to 3% unemployment. The youth are not just job seekers, they are job creators.  We have the potential to reduce Kenya's ...
Read more

AERC Biannual Plenary Session

Image
  African Economic Research Consortium (AERC) The African Economic Research Consortium (AERC), in partnership with the Central Bank of Kenya (CBK), has announced that the 61st Biannual Plenary Session focusing on the FinTech Revolution in Africa is now scheduled for December 1st, 2024,  in Nairobi, Kenya.  This session will provide a platform for commercial banking leaders to share their successes and lessons  in navigating  challenges and seizing untapped opportunities. Through their insights, we can explore how digital transformation and strategic partnerships, can deepen financial inclusion and add value to economies across the region.” FinTech projected to grow thirteenfold to US$65 billion by 2030 and will have a projected compound annual growth rate (CAGR) of 32% This year’s theme, “The FinTech Revolution in Africa,” reflects the continent’s pivotal role in driving global financial innovation and highlights its potential for inclusive growth and economic t...
Read more

KEHPHPU address to President Ruto

Image
(KEHPHPU) The Kenya Environmental Health and Public Health Practitioners Union has issued an urgent appeal to President William Ruto’s administration to prioritize preventive and promotive healthcare through increased investment and strategic reforms. KEHPHPU Secretary-General Hon. Brown Ashira Olaly, the union commended the government for its progressive legislative achievements in 2023, including the Primary Health Care Act, Digital Health Act, Facility Improvement and Financing Act, and the Social Health Insurance Act. These developments, coupled with the establishment of Primary Health Care Networks, represent positive steps toward a robust healthcare system. However, the union highlighted significant challenges affecting Kenya’s health sector, particularly in the realm of preventive health services. It expressed concern over the persistent underfunding and neglect of preventive healthcare, citing the disproportionate allocation of resources to curative services. Out of the KES 140...
Read more