NCBA bank grows deposits to UGX35b, driven by MoKash
NCBA Bank continues to post strong growth on the back of its digital lending platform, MoKash, which has disbursed over UGX 2.8 trillion to borrowers since its launch 12 years ago.
The bank's latest financial results highlight mobile loans as a key driver of performance, with customer deposits now rising to UShs 35 billion.
Officials say, MoKash, a mobile micro-loans targeting the last mile borrowers, has become central to the bank's strategy of leveraging technology to expand financial inclusion.
