T
Originally published by The Standard Business
📰 Read Full Article
March 27, 2026
3h ago

NCBA profit rises to Sh23b as Nedbank buyout nears

NCBA profit rises to Sh23b as Nedbank buyout nears

NCBA Group has posted a Sh23.4 billion profit as it moves closer to acquisition by Nedbank Group...

✨ Key Highlights

NCBA Bank has reported a significant increase in its profit before tax, reaching Sh23.4 billion for the year ending December 2025, amidst ongoing acquisition talks with Nedbank Group.

  • Profit after tax grew by 7% to Sh23.4 billion, up from Sh21.9 billion in 2024.
  • The primary organizations involved are NCBA Group, whose profits are detailed, and Nedbank Group, the South African lender nearing an acquisition.
  • This financial performance comes as NCBA Group is on the verge of being acquired by Nedbank Group, a major development for the Kenyan bank.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement