Sharp Daily
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

The Kenyattas Get Lion’s Share Of NCBA Profits

Editor SharpDaily by Editor SharpDaily
March 24, 2022
in Investments, News
Reading Time: 2 mins read
President Uhuru Kenyatta and Mama Ngina

The Kenyatta family is set to bag Ksh652.5 million from their 13.2 percent stake in NCBA, after the lender declared a profit of Ksh10.22 billion in 2021 from Ksh4.57 billion in 2020.

The family of former Central Bank of Kenya Governor Philip Ndegwa, which owns 11.7 percent stake in the bank will earn Ksh580.8 million in dividends for the period.

Growth in the lender’s profitability is largely attributable to lower costs in the 12-month cycle with the bank’s total operating costs falling by 16.5 percent to Ksh33.4 billion from Ksh40 billion in December 2020.

Its operating income slowed by six percent to Ksh49.2 billion from Ksh46.4 billion.

RELATEDPOSTS

NCBA Bank

NCBA group records 3.4% profit growth in Q’1 2025

May 23, 2025

NCBA achieves strong Q3 2024 results with KES 15.1B profit

November 28, 2024

Read: KCB’s Profit After Tax Hits Ksh34.2B In Full Year 2021

Net interest income grew by 5.9 percent to Ksh27 billion from Ksh25.5 billion non-interest funded income (NFI) grew by 5.7 percent to Ksh22.1 billion.

Non-performing loans grew by 10.5percent to Ksh44.3 billion from Ksh40.1 billion.

Despite the growth in interest income, NCBA has continued to see a loan book attrition with the net advances falling to Ksh244 billion from Ksh248.5 billion.

Read: Absa Bank Kenya Record Ksh10.9 Bn Profit, Pays Ksh6 Bn In Dividends

NCBA has previously tied the slump in loans to its greater disbursements of digital loans which are mostly short-term in nature.

In 2021, NCBA disbursed Ksh584 billion worth of digital loans, a sum 34.6 percent greater than Ksh434 billion digital loans disbursements in 2020.

Subsequent to the profit rise, NCBA board has recommended the payment of a Ksh.2.25 final dividend or a cumulative Ksh.3.7 billion payout.

This takes the bank’s total dividend payments to Ksh.3 per share after it paid out a Ksh0.75 interim dividend last year.

NCBA’s earnings per share have improved to Ksh6.21 from Ksh2.77 after the profit growth.

Read: Equity Group Shareholders To Harvest Ksh11 Bn As Lender Mints Ksh40 Bn In Profits

Previous Post

TechnoServe Strengthening African Processors Of Fortified Foods

Next Post

Startimes Rolls Out Kids Content Add-on Bouquet

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Investments

Foreign influence in Kenya’s credit crisis

May 28, 2025
Investments

SACCO’s at the heart of rural financial inclusion in Kenya

May 22, 2025
Investments

Real yields vs. nominal yields on Kenya’s government bonds

May 21, 2025
Investments

Knight Frank: Kenya’s wealthy swap mansions for market moves

May 19, 2025
Investments

All you need to know about the Cytonn Money Market Fund

May 16, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024