The performance comes as NCBA prepares for a new ownership structure following the successful conclusion of Nedbank's tender offer for a 66 percent stake in the Kenyan lender.
By
Dominic Omondi
Business Reporter
Nation Media Group
NCBA Group has raised its interim dividend by 50 percent after posting a 12.2 percent growth in half-year net profit, underlining the lender's strong earnings momentum even as it increased provisions for bad loans.
NCBA declared a Sh6.18 billion interim dividend after strong half-year profits, as Nedbank's planned majority acquisition awaits…
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…
NCBA will help Nedbank diversify its business, which currently comprises operations in six southern African markets.
The stock option was done at a conversion rate of 4.02994 shares for every 100 NCBA shares.
Only investors with 7,520 NCBA shares or more have been offered cash-and-stock compensation to meet the condition of holding at…
National Bank of Kenya has reported a Sh1.03 billion profit after tax for the first quarter ending March 31, 2026, driven by net…
WATCH | Nedbank sees stronger second half despite flat interim earnings
