NCBA Group clocked below in-house expectations over the first half of 2024 recording a mild 5.0% y/y growth in net earnings to KES 9.82Bn.
The Board of Directors recommended an Interim Dividend of KES 2.25 per share.
Recommendation - We maintain our BUY recommendation on NCBA Group underpinned by the promising trajectory.
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AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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