The Lower Eastern Times Opening The Third Eye
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NCBA Group has boosted its dividend by 22.5 percent to Sh7.1 per share following a Sh1.5 billion increase in net profit to Sh23.4 billion for the year ending December 31, 2025.
This marks an increase from the Sh5.5 per share payout issued in 2024.
Group CEO John Gachora said shareholders on record as of April 30, 2026, will receive the dividend, with payments scheduled from May 26, 2026.
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Over the period, net interest income grew by Sh9 billion to Sh44 billion, while non-interest income rose by Sh1.1 billion to Sh29.2 billion.
However, customer deposits dropped to Sh22.3 billion from Sh38.2 billion.
Earlier in the year, Nedbank Group launched a tender offer to acquire around 66 percent of NCBA’s ordinary shares, a deal that could hand it a controlling stake if completed.
The remaining shares would still be traded on the Nairobi Securities Exchange.
The proposed deal values NCBA at 1.4 times its book value, with shareholders expected to receive 20 percent in cash and 80 percent in shares listed on the Johannesburg Stock Exchange.
NCBA has operations across several African countries, including Kenya, Uganda, Tanzania, Rwanda, Ivory Coast, and Ghana, serving more than 60 million customers through a network of 122 branches.
