2/23/26 05:55 EST (Last Price 93):

We are looking for a wave 5 completion, we anticipate a short run once 430 key level is broken for wave 5. Thereafter, wave 4 deline setting stage for wave 5.

Summary

Across Africa, traditional banking has leapfrogged into mobile-first financial services. Digital lending — instant, app-based loans delivered via mobile phones — is reshaping how banks grow, manage risk, and serve customers.

Africa’s banking environment differs from developed markets in key ways:

• High mobile penetration

• Large underbanked population

• Informal income structures

• Limited physical branch access in rural regions

Digital lending solves these constraints by using:

• Mobile phone data

• Transaction histories

• Alternative credit scoring models

This enables near-instant credit decisions — often in minutes.

NCBA Group PLC offers a compelling case study of how digital transformation can drive both financial inclusion and profitability.

NCBA Earnings & Growth Data (2024–2025)

🔹 Full-Year 2024 Results

• Profit after tax: KES 21.9 billion (up ~2% YoY).

• Operating income: KES 62.7 billion.

• Operating expenses: KES 32.2 billion (up ~10.6% YoY).

• Final dividend: KES 3.25/share (KES 5.50 total).

• NPL ratio: 11.2% of total loans.

• Impairment coverage: ~60%.

These numbers show steady profitability with disciplined credit provisioning — a sign of strength in a challenging operating environment.

Digital Lending as a Growth Engine

Digital Loans Disbursements

• Full Year 2024: > KES 1 trillion in digital loans disbursed; up ~+23% vs prior year.

• H1 2025: KES 646 billion digital loans, +35% YoY growth.

• Q1 2025: KES 307 billion digital disbursements, +32% YoY.

• Q3 2025: Digital lending remained above KES 1 trillion, up ~35% YoY.

Insight: Digital lending now accounts for a substantial share of NCBA’s loan book growth and customer engagement. The Y-o-Y increases indicate rapid adoption among retail and business borrowers.