NCBA Group Posts KES 21.9 Billion Profit, Surpasses KES 1 Trillion in Digital Loans
The bank achieved a significant milestone, surpassing KES 1 trillion in cumulative digital loan disbursements — a 23% year-on-year increase.
NCBA Group PLC has reported a profit after tax of KES 21.9 billion for the financial year ending December 2024, marking a 2% increase from the previous year. The bank also achieved a significant milestone, surpassing KES 1 trillion in cumulative digital loan disbursements — a 23% year-on-year increase — reinforcing its role in driving financial inclusion for over 60 million customers across Africa.
Despite a slight dip in profit before tax to KES 25.1 billion and a 13.4% decline in customer deposits, the Group maintained robust asset finance leadership, strong regional growth, and continued investments in digital transformation. NCBA’s regional subsidiaries in Uganda, Tanzania, and Rwanda contributed KES 3.2 billion in profit, while non-banking arms added KES 1.2 billion. Looking ahead, the Group aims to sustain its momentum through innovation, efficiency, and expanded customer reach across its regional footprint.
