NCBA Group PLC reports a profit of KES 4.98 Billion in 2020

NCBA Group PLC has posted a profit before tax of KES 4.98 billion for the financial year ending December 31, 2020. This is the first time NCBA is announcing full-year results as an entity following the successful merger of NIC Group PLC and CBA in October 2019.
The Group maintained strong operational performance, reporting an operating income growth of 38% to KES 46.4 billion. Operating profit (before provisions and exceptional items) increased by 37% to KES 26.8 billion. […]

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NCBA Group PLC – Annual Report 2019

The Group produced a resilient performance in 2019, achieving a full year Group net profit of Shs 7.8 billion, compared to Shs 5.0 billion in 2018. The adjusted Group net profit, excluding integration costs and merger-related amortization of intangibles, was Shs 11.3 billion, broadly in line with the previous year combined performance on a proforma basis of the two Banks. This is a notable achievement in a year of transition. […]

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