NCBA Group PLC reports a pre-tax profit of KES 7.4 billion in half-year results
Asset base rose to KES 542 billion, 6% up year on year. Customer deposits closed at KES 437 billion, 12% up year on year. The Group disbursed KES 272 billion in digital loans, 16% increase year on year in line with its digitization agenda and its commitment to supporting small businesses and individual customers during this period.
Operating income of KES 24.1 billion, up 13% up year on year. Operating profit before loan loss provisions KES 13.3 billion, 16% up year on year. Loan impairments charges for the period KES 5.9 billion, 22% down year on year.
Non Performing Loans coverage ratio increased to 68%, from 55% in the same period last year. Profit before tax of KES 7.4 billion, up 90% year on year. Profit after tax of KES 4.7 billion, up 77% year on year. Interim dividend of KES 0.75 per ordinary share held
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