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NCBA Group's financial results in 2022

NCBA Group’s 2022 after-tax profit hit a record Ksh.13.78 billion ($93.4 million) from Ksh.10.22 billion ($69.3 million) in 2021.

Profit before tax increased by Ksh.7.5 billion to Ksh.22.5 billion from Ksh.15 billion in 2021. The growth was due to increased operating income by 27 percent (KSH.12.6 billion) principally driven by growth in business.

The consolidated financial statements include the results of the entities owned by NCBA Group. The group and its affiliates operate in Kenya, Tanzania, Uganda, Rwanda, Cote d’Ivore and Ghana.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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