NCBA: Nedbank sale deal on track as profit up 9pc


NCBA Group Managing Director John Gachora. [File, Standard]

NCBA Group reported a nine per cent increase in first-quarter net profit on Wednesday, driven by strong growth in digital lending, higher customer deposits, and improved revenue diversification across its regional operations.

The tier-one lender said profit after tax rose to Sh6 billion in the three months to March 31, up from Sh5.5 billion a year earlier.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.


Continue Reading  →

What you get

  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via

M

PESA

VISA

Airtel Money

Secure Payments

Kenya’s most trusted newsroom since 1902



Follow The Standard on Google News



Source link