Company: NCBA Group
Country: Kenya
Sector: Major Banks
CEO: John Gachora
Website: ncbagroup.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Nairobi, Kenya
Founded: 2019
Valuation/Revenue: $668.9m market value (African Business Top 250, 2025); total assets of roughly $4.43bn (KSh 464.89bn) as of December 2019 (Wikipedia, sourced to company disclosure)
NCBA Group is one of Kenya’s largest banking groups, formed through the 2019 merger of Commercial Bank of Africa (CBA) and NIC Bank, creating one of East Africa’s biggest banks by assets at the time of combination. Headquartered in Nairobi, NCBA is listed on the Nairobi Securities Exchange and operates across banking, investment banking and insurance agency services in Kenya and several other East African markets.
What Does NCBA Group Do?
NCBA Group offers retail, corporate, SME and investment banking services through NCBA Bank Kenya, alongside NCBA Investment Bank Limited and NCBA Insurance Agents. The group also operates regional banking subsidiaries — NCBA Bank Tanzania, NCBA Bank Uganda and NCBA Bank Rwanda — and, through the legacy CBA business, has a major presence in mobile lending and savings platforms such as M-Shwari, extended into markets including Côte d’Ivoire. NCBA also holds a 33.33% stake in AIG Kenya Insurance Company.
Is NCBA Group Legit?
Yes. NCBA is a Nairobi Securities Exchange-listed bank (ticker NINC) formed from the merger of two well-established, decades-old Kenyan banks, CBA and NIC Bank, and is regulated by the Central Bank of Kenya, making it one of the country’s most closely-scrutinized and transparent large financial institutions.
Who Is the CEO of NCBA Group?
John Gachora was selected to lead the merged NCBA Group at the time the CBA-NIC merger was finalized in 2019, taking on the role of Group Managing Director.
Who Owns NCBA Group?
NCBA Group is publicly traded on the Nairobi Securities Exchange, with major shareholders including Enke Investments Limited (around 13.21%), Ropat Nominees Limited (around 11.93%) and Livingstone Registrars Limited (around 10.56%), according to historical shareholding disclosures, alongside other institutional and retail investors.
How Big Is NCBA Group?
African Business’s Top 250 Companies in Africa (2025) ranked NCBA Group at position 241 with a market value of approximately $668.9 million. At the time of its formation in 2019, the merged bank reported total assets of over $4.43 billion (KSh 464.89 billion) and shareholders’ equity of roughly $661 million, making it one of Kenya’s largest banks by balance sheet size.
Where Is NCBA Group Headquartered?
NCBA Group is headquartered on Mara Road in the Upper Hill business district of Nairobi, Kenya, a hub for the country’s major financial institutions.
How Does NCBA Group Compare to Its Competitors?
NCBA competes with Kenya’s other large banks — KCB Group, Equity Group and Co-operative Bank of Kenya — while also leveraging its mobile banking heritage from CBA’s M-Shwari partnership with Safaricom, a differentiator that gives it a strong position in digital micro-lending compared to some peers.
What Has NCBA Group Been in the News For Recently?
The 2018-2019 merger of CBA and NIC Bank to form NCBA remains the defining event in the company’s recent history, reshaping Kenya’s banking landscape and creating a top-tier lender almost overnight. The group has since continued regional consolidation and digital banking expansion across its East African subsidiaries; further specific recent news could not be independently verified in this research pass.
Links
Website: ncbagroup.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is NCBA Group legit? Yes, it is a Nairobi Securities Exchange-listed bank regulated by the Central Bank of Kenya.
Who is the CEO of NCBA Group? John Gachora was appointed to lead the group following the 2019 CBA-NIC merger.
How was NCBA Group formed? Through the 2019 merger of Commercial Bank of Africa (CBA) and NIC Bank.
How big is NCBA Group? It had a market value of about $668.9 million as of the African Business Top 250 (2025) rankings.
Where is NCBA Group headquartered? Nairobi, Kenya.
Is NCBA Group publicly traded? Yes, on the Nairobi Securities Exchange under ticker NINC.