Centenary bank profits triple to k1.92 billion despite economic challenges
Centenary Bank Limited has reported a significant increase in profit, more than tripling to K1.92 billion in the year ended December 31, 2024, from K549 million the previous year. The bank’s customer deposits also grew by 50 percent to K135.2 billion from K90.4 billion, despite facing risks due to increased impairments from existing facilities.