NCBA H1 2024 Results

In this episode recorded on 22.08.2024, we host NCBA Bank CEO and Kenya Bankers Association Chairman, John Gachora, to discuss the bank’s H1 2024 performance.

We cover the current state of the economy, the acquisition of AIG Kenya, regional subsidiaries and expansion into West Africa, the risk-based pricing model, and the impact of Kenya’s credit rating downgrade.

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Show Notes

00:00:00 Introduction and H1 2024 Performance Highlights 

00:02:33 Managing NPLs and the State of the Economy

00:11:24 Regional Subsidiaries and Expansion to West Africa

00:15:52 FX Performance and the Acquisition of AIG Kenya

00:19:32 M&A and Capital Requirements

00:22:49 Risk-Based Pricing Model

00:24:03 Digital Banking Strategy

00:27:49 Dividend Policy

00:29:23 Rising Staff Costs and Strategic Hiring

00:32:41 Mobile and Digital Loan Offerings

00:38:15 Impact of Kenya’s Credit Rating Downgrade

00:40:41 H2 2024 Outlook

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