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Entrepreneur's Corner

NCBA Group’s Stellar Growth: The Unique Leadership Of John Gachora And His Team Of Innovative Minds

BY Steve Biko · March 29, 2024 07:03 am

KEY POINTS

Total assets increased from Ksh 528.0 billion to a substantial Ksh 734.6 billion between 2020 and 2023. Growth was also seen in customer loans, rising from Ksh 248.5 billion in 2020 to Ksh 337 billion in 2023.  This reflects an increased ability to support the economy  and meet the financial needs of a growing clientele.

NCBA Group, one of Kenya’s leading banks, has demonstrated a remarkable upward trajectory in recent years. Its financials reveal a story of growth, profitability, and expanding capacity, making it an intriguing prospect for both customers and investors.

A key highlight is NCBA’s consistent revenue growth.  From Ksh 46.4 billion in 2020, revenues climbed steadily to Ksh 63.7 billion by 2023. This consistent upward trend points to robust income generation capabilities and solidifies the bank’s financial base.

Profitability is another area where NCBA shines. The bank’s profit before tax surged from Ksh 5.0 billion in 2020 to a remarkable Ksh 25.5 billion in 2023. Similarly, profit after tax saw significant growth, rising from Ksh 4.6 billion to Ksh 21.5 billion over the same period. These figures paint a picture of a financially efficient organization, where resources are managed to maximize returns.

Read Also: NCBA And Strathmore Partner For The Owner Manager Program For Mid-sized Companies In East Africa

NCBA’s expanding balance sheet is yet another indicator of its progress. Total assets increased from Ksh 528.0 billion to a substantial Ksh 734.6 billion between 2020 and 2023. Growth was also seen in customer loans, rising from Ksh 248.5 billion in 2020 to Ksh 337 billion in 2023.  This reflects an increased ability to support the economy  and meet the financial needs of a growing clientele.

While NCBA’s share price has experienced moderate change, from Ksh 26.8 in 2020 to Ksh 39.6 in 2023, the bank has consistently increased its total dividend per share. This suggests a commitment to rewarding investors and signals the potential for healthy shareholder returns.

Perhaps the most impressive metric lies in NCBA’s return on average equity (ROAE). This figure, which measures how effectively a company uses shareholder funds to generate profits, grew from 6.50% in 2020 to an impressive 24.00% in 2023.  A rising ROAE highlights NCBA’s ability to maximize value for its stakeholders.

Of course, it’s important to maintain a critical perspective. Global economic uncertainty and local market fluctuations can pose challenges for any financial institution. However, NCBA’s track record of consistent growth suggests that the bank possesses the strategic direction and management expertise  to navigate potential hurdles.

Overall, NCBA presents a compelling case for both customers and investors. Its strong financial performance, commitment to shareholder value, and expanding operations make it a key player in the Kenyan banking sector and a noteworthy name to watch as it continues its growth trajectory.

Read Also: NCBA Group PLC Reports Profit After Tax Growth Of 56% To Ksh 21.5 Billion

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