NCBA Group Hits Record KSh 150Bn Market Valuation
NCBA shares hit an all-time high of KSh 91.50, valuing the bank at KSh 150 billion after four straight gains driven by Stanbic Kenya takeover speculation...
✨ Key Highlights
NCBA Group's market valuation has soared past KSh 150 billion, reaching a record high due to a sharp rise in its share price. This surge is largely attributed to speculation regarding a potential acquisition by Stanbic Bank Kenya.
- NCBA's share price reached KSh 91.50 on Tuesday, its highest level since the NIC–CBA merger in 2019.
- The bank's market capitalization increased by approximately KSh 26 billion, making it Kenya's third-most valuable bank.
- The speculated acquisition by Stanbic Bank Kenya would create Kenya's third-largest lender by assets.
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Sidian Bank Appoints New Chairman as NSE Partners for Innovation Lab and NCBA Hits KSh 150Bn Valuation - October 2025
Former Cabinet Secretary for Health, James Macharia, has been appointed the new Chairman of Sidian Bank, succeeding James Mworia. In another development in Kenya's financial sector, the Nairobi Securities Exchange (NSE) has partnered with Hedera and Hashgraph to launch the NSE Innovation Lab. This initiative aims to modernize market infrastructure and promote financial inclusion in the country's capital markets. Concurrently, NCBA Group's market valuation has soared past KSh 150 billion to reach a record high. This surge is largely attributed to speculation regarding a potential acquisition by Stanbic Bank Kenya.
