The NCBA bank #ticker:NCBA is set to incur a loss of over Sh900 million after attempts to revive operations of an insolvent company failed.
The company, Arvind Engineering Limited, was put under administration in 2019 after defaulting a Sh840 million loan owed to the bank and as at October 14, 2021 the debt had increased to Sh1,056,090,365.
