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Originally published by The Standard Business
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May 21, 2026
1h ago

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

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

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...

✨ Key Highlights

NCBA Group has reported a 9% increase in its first-quarter net profit, reaching Sh6 billion for the period ending March 31. This growth was fueled by significant expansion in digital lending and higher customer deposits.

  • Profit after tax rose to Sh6 billion, up from Sh5.5 billion in the same period last year.
  • The financial results were announced by NCBA Group, with Managing Director John Gachora being a key figure.
  • The bank highlighted strong performance driven by digital lending, increased customer deposits, and diversified revenue streams across its regional operations.

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