Mark Muyobo consolidates NCBA’s post-merger growth in Uganda; ends profits drought
NCBA Bank Uganda posted an 18.4% growth in net profit for the 12 months ended December 2023⏤ a UGX4.3 billion growth from the UGX22.8 billion it posted in 2022, to UGX27 billion in 2023.
This is the second successive net profit by the bank since Mark Muyobo assumed its leadership, ending two years of successive post-merger losses.
The 2023 growth in net profit was fuelled by a 15.4%
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