NCBA injects Sh3.5bn in subsidiaries, fully acquires Tanzanian unit

NCBA headquarters in Upper Hill, Nairobi. 

Photo credit: File | Evans Habil | Nation Media Group

NCBA Group invested an additional Sh3.47 billion in its regional subsidiaries in the year ended December as it sought to increase its share of profits from outside Kenya.

In its latest disclosures, the lender said the value of its subsidiary investments hit Sh74.08 billion from Sh70.61 billion a year earlier, with the Tanzania unit accounting for more than half of the capital injection.

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