NCBA Crosses KES 1 Trillion in Digital Loans

By ABN Staff March 25, 2025

NCBA Crosses KES 1 Trillion in Digital Loans

Strong Financial Growth Amid Market Challenges

NCBA Group PLC reported a KES 21.9 billion profit after tax in its FY 2024 results, marking a 2% increase from 2023. Despite economic challenges, the Group maintained resilience through strategic investments and disciplined financial management.

The bank disbursed KES 1 trillion in digital loans, a 23% year-on-year increase, underscoring its commitment to financial inclusion. NCBA’s https://ke.ncbagroup.com/non-performing loan (NPL) ratio stands at 11.2%, reflecting strong risk management. The Group remains well-capitalized with a 60% impairment coverage.

https://africabusinessnews.co.ke/ncba-empowers-women-entrepreneurs-in-kapsabet/

Key Financial Highlights

Digital Loans: KES 1 trillion disbursed, up 23% year-on-year.
Profit After Tax: KES 21.9 billion, a 2% increase.
Profit Before Tax: KES 25.1 billion, down 1%.
Operating Income: KES 62.7 billion, down 1.5%.
Operating Expenses: KES 32.2 billion, up 10.6%.
Credit Loss Provision: KES 5.5 billion, down 40%.
Customer Deposits: KES 502 billion, down 13.4%.
Total Assets: KES 666 billion, down 9.3%.
Final Dividend: KES 3.25 per share (KES 5.50 total for 2024).

Strategic Expansion and Market Leadership

NCBA expanded its footprint to 119 branches across Kenya, Rwanda, and Uganda. A partnership with Postbank added 476 agents and 96 branches, enhancing accessibility. The diaspora banking team strengthened its presence in Australia, the Middle East, and the USA.

With a 35% market share, NCBA retained its leadership in asset finance through partnerships with Isuzu, CFAO, Simba, and Inchcape. The bank’s revamped internet banking platform aims to boost corporate banking, supported by a KES 210 billion deposit base.

NCBA Crosses KES 1 Trillion in Digital Loans

Commitment to Talent and Sustainability

NCBA remains an employer of choice, with structured leadership programs and a 51:49 gender balance. Its Go Getter internship program onboarded over 80 young professionals. Training partnerships with Microsoft and Amazon Web Services continue driving digital transformation.

The Group advanced its sustainability goals by:

Planting 426,678 trees.
Recycling 73% of office waste.
Mobilizing KES 6.5 billion in Green Financing.
Setting up six EV charging stations.
Allocating 20% of procurement to women and youth.
Training 500+ employees on sustainability.
Empowering 6,000 women and youth through scholarships and business skills.
Sponsoring golf and cycling events, impacting 11,500+ participants.

NCBA Insurance Rebrand Strengthens Market Position

NCBA successfully integrated AIG Kenya into its operations, rebranding it under the NCBA umbrella. The move positions the insurance subsidiary for stronger market competitiveness and growth.

https://africabusinessnews.co.ke/inside-scoop-what-we-expect-from-ncba-insurance/

With digital innovation, strategic partnerships, and sustainability efforts, NCBA remains focused on long-term growth and delivering value to stakeholders.