NCBA Unit Trusts Post Growth, Stress Community Impact

NCBA Unit Trusts Post Growth, Stress Community Impact

NCBA Unit Trust Funds held its 19th Annual General Meeting, celebrating key milestones in fund performance, investor growth, and the bank’s continued commitment to sustainable community development.

Strong Investment Returns and Expanding Access

The NCBA Equity Fund posted a stellar 34.6% return, outperforming market benchmarks through disciplined investment strategies.

This exceptional performance has contributed to a 50% growth in the investor base, now exceeding 45,000 Unit Holders. The bank credited much of this success to the seamless experience offered by the Invest NOW feature on the NCBA Now app.

In a significant move to diversify options for Kenyan investors, NCBA launched two offshore funds in 2024. These new offerings have already attracted over $6.5 million in assets within just six months, highlighting growing interest in global markets among local investors.

NCBA Unit Trusts Post Growth, Stress Community Impact

Driving Impact Through Community and SME Support

NCBA’s efforts extend well beyond investment returns. The bank continues to support SMEs that are uplifting communities across Kenya. One example is Goldfields School in Kakrao, Migori County, which serves more than 860 students.

With support from NCBA, the school is shaping the next generation through quality education. The story was recently highlighted by Hophin Lungwe, Branch Manager at NCBA Migori.

Additionally, In line with its sustainability agenda, NCBA has invested KES 12 million in scholarships through partnerships with Edumed Trust and SOS Children’s Villages Kenya benefiting over 150 students.

This is part of NCBA’s broader KES 100 million annual pledge toward social impact initiatives.

Group Managing Director and CEO John Gachora noted the resilience and strategic focus that have defined NCBA’s performance:

“With this complement, we navigated a challenging operating environment while ensuring the underlying trends of our P&L remained solid.”

In conclusion, ss NCBA looks ahead, the Group remains committed to being the financial partner of choice for both investors and the communities they serve.

https://africabusinessnews.co.ke/ncbas-comprehensive-property-finance-solutions/