{"id":47560,"date":"2023-04-12T11:53:38","date_gmt":"2023-04-12T11:53:38","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations"},"modified":"2023-04-12T12:23:52","modified_gmt":"2023-04-12T12:23:52","slug":"ncba-injects-shs22-6b-into-ugandan-operations","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations","title":{"rendered":"NCBA injects Shs22.6b into Ugandan operations"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022.<\/p>\n

This was part of the Shs155.83b ($41.89m), which the Kenyan-based financial institution injected into its three subsidiaries in Uganda, Tanzania and Rwanda to shore up capital to enhance its competitiveness.<\/p>\n

The move is part of the bank\u2019s efforts to shore up its regional retail banking business and avert more financial bleeding through the struggling subsidiaries.<\/p>\n

NCBA, which is listed on the Nairobi Securities Exchange (NSE), disclosed in its annual report that its combined investment in Rwanda, Uganda and Tanzania increased by Shs90.9b ($24.46m) in 2022 and Shs64.8b ($17.43m) in 2021.<\/p>\n

Last year, the lion\u2019s share of the additional funding totaling Shs54.6b ($14.96m) went to strengthen operations in the Tanzanian subsidiary, whose losses worsened to Shs49.2b ($13.24m) from Shs31.9b ($8.6m) in 2021. NCBA also injected Shs12.7b ($3.42 million) in Rwanda.<\/p>\n

Audited financial statements show the group\u2019s net profit for the year ended December 31, 2022 grew by 34.76 percent to Shs372b ($100.05m) from Shs288b ($77.42m) in 2021 on the back of increased income on forex trading and investment in government securities.<\/p>\n

The bulk of the earnings Shs403.5b ($108.48m) were generated by the Kenyan operations.<\/p>\n

The Ugandan subsidiary returned a net profit of Shs21.3b ($5.74m) from a loss of Shs13.4b ($3.61m) in 2021, while the Rwandan subsidiary increased its net profit to Shs12.9b ($3.49m) from Shs2.3b ($623,673.81) in 2021.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of the Shs155.83b ($41.89m), which the Kenyan-based financial institution injected into its three subsidiaries in Uganda, Tanzania and Rwanda to shore up capital to enhance its competitiveness. The move is part of the bank\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":47559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,240,234],"class_list":["post-47560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nNCBA injects Shs22.6b into Ugandan operations - Uganda<\/title>\n<meta name=\"description\" content=\"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCBA injects Shs22.6b into Ugandan operations\" \/>\n<meta property=\"og:description\" content=\"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T11:53:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T12:23:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NCBA injects Shs22.6b into Ugandan operations\",\"datePublished\":\"2023-04-12T11:53:38+00:00\",\"dateModified\":\"2023-04-12T12:23:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\"},\"wordCount\":257,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\",\"name\":\"NCBA injects Shs22.6b into Ugandan operations - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg\",\"datePublished\":\"2023-04-12T11:53:38+00:00\",\"dateModified\":\"2023-04-12T12:23:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg\",\"width\":720,\"height\":480,\"caption\":\"NCBA injects Shs22.6b into Ugandan operations\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NCBA injects Shs22.6b into Ugandan operations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NCBA injects Shs22.6b into Ugandan operations - Uganda","description":"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations","og_locale":"en_US","og_type":"article","og_title":"NCBA injects Shs22.6b into Ugandan operations","og_description":"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-04-12T11:53:38+00:00","article_modified_time":"2023-04-12T12:23:52+00:00","og_image":[{"width":720,"height":480,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"NCBA injects Shs22.6b into Ugandan operations","datePublished":"2023-04-12T11:53:38+00:00","dateModified":"2023-04-12T12:23:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations"},"wordCount":257,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","files"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations","name":"NCBA injects Shs22.6b into Ugandan operations - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg","datePublished":"2023-04-12T11:53:38+00:00","dateModified":"2023-04-12T12:23:52+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"NCBA Group invested Shs22.6b ($6.08m) into its Ugandan subsidiary for the period ended December 2022. This was part of ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/04\/postQueueImg_1681284233.51.jpg","width":720,"height":480,"caption":"NCBA injects Shs22.6b into Ugandan operations"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/ncba-injects-shs22-6b-into-ugandan-operations#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"NCBA injects Shs22.6b into Ugandan operations"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/47560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=47560"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/47560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/47559"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=47560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=47560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=47560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}