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NCBA Group Plc (NSE: NCBA)

Nigel Firth
Nigel Frith trader
Updated 29 May 2024

What is NCBA Group Plc

NCBA Group Plc is a Kenyan company that provides retail and corporate banking, brokerage, bancassurance and investment banking services to clients in the Eastern African countries.

NCBA Group Plc, through NBA Bank, offers a portfolio of banking services for the retail, commercial and corporate sectors. It also offers stock brokerage, bancassurance, leasing and investment banking services through operations in Kenya, Tanzania and Uganda.

NCBA Group Plc offers a variety of accounts, including current and savings accounts. NCBA Group Plc also provides property, personal and asset finance products. NCBA Group Plc property loans include mortgages and plot loans and personal loan products include overdrafts, personal loans, M-Shwari and Fuliza M-Pesa.

NCBA Group Plc’s asset finance products include car loans and flexible insurance financing and the bank allows various term deposit products, such as call deposit account and fixed deposit account and insurance product offerings include personal insurance, such as income protector, travel insurance and personal accident, medical insurance, such as Cigna Global International Health, health insurance and critical illness, and asset insurance, such as car insurance and home insurance.

Today, NCBA Group Plc provides electronic banking services and custodial services to clients. NCBA Group Plc has automated teller machines throughout Kenya and five wholly owned subsidiaries including National Industrial Credit Trustees Ltd and Mercantile Finance Company.

The history of NCBA Group Plc goes back to 1959 when it was founded as National Industrial Credit Bank Limited, which later became NIC Bank Limited, and changed its name to NIC Group Plc in 2017.

NCBA Group Plc has its head office in Nairobi, Kenya.

NCBA Group Plc also offers institutional banking services to non-government organisations, diplomatic missions and their affiliate donor or aid entities as well as government institutions, multi-nationals, domestic corporates and medium to high-net worth individuals.

NCBA Group Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol NCBA.

John Gachora is the current Group Managing Director of NCBA Group Plc and James P. M. Ndegwa the Non-Executive Chairman. NCBA Group Plc operates as part of the Banking Industry and Financial Sector.

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NCBA Group Plc

NCBA Group Plc Stock Performance

The current price for NCBA Group Plc stocks is 27.65 KES. The company has a total market capitalization of 41.4 billion KES, with a P/E ratio of 9.98 and earnings per share of 2.77 KES. A total of 1.5 billion shares are outstanding.

NCBA closed its trading day on Thursday 16 September 2021 at 27.65 KES per share on the Nairobi Securities Exchange (NSE), with a 0.4% drop from its previous closing price of 27.75 KES.

An analysis of financial data shows that with an increase of earnings per share and consistent profits within the period, investors who want to buy or sell NCBA Group Plc stocks can hope for more profitable dividends and earnings in quarters to come.

According to an analysis on the live chart of NCBA Group Plc, analysts forecast further improvement in performance for the financial sector with market share to grow as trading volumes may increase.

Highlights of NCBA Group Plc in 2021

NCBA Group Plc opened the year with a share price of 27.65 KES and has gained 3.36 % in value on its price valuation, ranking 33rd on NSE with its year-to-date performance.

NCBA Group Plc is currently the 23th most-traded stock on NSE and has experienced a total trading volume of more than 5.16 million shares, which were finalized in 1 468 deals and valued at a total of 135 million KES over a  three month period between June and September 2021, with an average of 81,843 shares in each of the trading sessions.

A volume high of 686,200 was achieved on 22 June, and a low of 5,100 on 21 June for that period. NCBA Group Plc had a 52 week high stock price of 28.15 KES and a 52 week low of 21.70 KES, indicating a 52 week change of 24.83%.

How to buy NCBA Group Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade NCBA Group Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, ” NCBA”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.