By Rogers Wanambwa
KIU Main Campus - During the launch of NCBA's new logo, which comes after NC and CBA's successful merger, Anthony Ndegwa, NCBA's Chief Executive Officer, said that their micro loan platform now has seven million users.
The platform, MoKash, is a micro lending platform that is managed under a partnership between NCBA Bank and MTN. However, Ndegwa did not divulge how much transactional volumes the platform holds per month.
Currently, NCBA has 600,000 ordinary branch accounts, five branches and one agent for agency banking in the country and its merger came as a result of the two banks' parent companies' merger in Kenya.
With a total asset base of UGX550billion and capital position of UGX84billion, NCBA holds the 15th position in financial institutions in Uganda.
“As a combined entity, NCBA has a significant capital base and a strong liquidity profile,” Ndegwa said.
Source: Daily Monitor