NCBA Group Appoints Ex-Belt and Road Initiative Executive James Gossip as the Lender's MD in Kenya

NCBA Group Reports 3% Profit Growth in Q1 2025 Despite Balance Sheet Contraction

NCBA Group Plc announced a net profit of KSh 5.5 billion for the first quarter of 2025, marking a 3% increase year-on-year from KSh 5.3 billion in Q1 2024. This growth was fueled by an 8% rise in operating income and a notable improvement in net interest margin (NIM) to 6.1%, which is the highest [...] The post NCBA Group Reports 3% Profit Growth in Q1 2025 Despite Balance Sheet Contraction appeared first on Khusoko - East African Markets.

James Gossip Appointed As New Managing Director Of NCBA Bank Kenya - Kahawatungu

NCBA Group has named James Gossip as the new Managing Director of NCBA Bank Kenya PLC, marking a key leadership change in the bank’s operations. In a public notice issued on May 21, 2025, Group Company Secretary Kathryne Maundu announced that Gossip’s appointment took effect on May 12, 2025. She stated that the move follows the successful completion of all required regulatory approvals and is part of the wider board restructuring announced in 20…

NCBA Appoints New Managing Director in Strategic Changes

The National Commercial Bank of Africa (NCBA) has appointed James M. Gossip as its new Managing Director, a move that marks a major step in the bank’s strategic efforts to strengthen leadership and governance. In a statement released on Thursday, NCBA confirmed that Gossip’s appointment follows the receipt of all requisite regulatory approvals and aligns […] The post NCBA Appoints New Managing Director in Strategic Changes appeared first on MKEN…

NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025

NCBA Group recorded a 3% increase in profit after tax to Ksh.5.5 billion for the quarter ended March 2025, up from Ksh.5.3 billion posted during a similar period in 2024. The group’s performance was largely driven by its Kenyan banking operations, which contributed 79% of the Ksh.6.8 billion gross profit. Regional subsidiaries accounted for Ksh.1.1 … The post NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025 first appeared on Metropol Digital.

NCBA Group appoints ex-Belt and Road Initiative Executive James Gossip as the lender's MD in Kenya

NCBA Group has appointed James M.Gossip as the new managing director for Kenya. The new changes will see John Gachora remain as the ban's head boss

NCBA, backed by Kenya's richest families, posts $42.3 million Q1 profit

Key PointsNCBA posted a 3.41% year-on-year profit increase in Q1 2025 to $42.4 million, supported by strong cost control and core income resilience.Interest income fell 10% to $132.87 million, while non-interest income dropped 4.5% due to a sharp decline in forex trading revenue.Operating income rose 8.5% to $134.1 million, with growth in fee and commission income partly offsetting declining loan book and customer deposits.NCBA Group, the financ…