NCBA Bank pumps over Sh2b into its regional subsidiaries

NCBA Group Managing Director John Gachora (right) and Director Finance David Abwoga at a past event. [David Njaaga, Standard]

NCBA Group last year added Sh2.3 billion into regional subsidiaries, being double what it injected in 2020 as it eyes increased business.

The lender’s latest annual report shows investment in the three subsidiaries - Tanzania, Uganda and Rwanda increased by Sh2.33 billion last year compared with Sh1.14 billion additional investment in the preceding similar period.