The National Bank of Kenya (NBK) on Monday announced the appointment of James Obuya Bagaka to its board as a Non-Executive Director. effective October 22, 2020.
Dr. Obuya has extensive experience and expertise in Public Administration, Policy and Strategy.
The new appointee also boasts of 12 years experience in Public Finance, Budgeting, Governance, Capacity Building, Research and Policy Development both in the public and private sectors.
Currently, Bagaka consults for public and private organisations.
He previously worked as a Technical Lead on Governance and Institutional strengthening for a DFID program dubbed: The Sustainable Urban Economic Development (SUED).
He holds a PHD in Public Administration from Northern Illinois University, a Masters in Public Administration from Minnesota State University and a Bachelor’s Degree in Political Science & Philosophy from the University of Nairobi.
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He is also a member of the Commonwealth Association of Public Administration and Management.
“The board takes this opportunity to welcome and congratulate Dr James Obuya Bagaka on his appointment,” Company Secretary Joseph Kania said in a statement.
Bank Performance
In the year ended December 2019, the bank posted a loss after tax of Ksh302 million despite a Ksh5 billion cash injection by parent company Kenya Commercial Bank (KCB) geared at steering the bank back to profitability.
According to the bank’s financials, the stock of non-performing loans (NPL) stood at Ksh25 billion, down from Ksh31 billion in 2018.
The bank accounted for higher provisions for loan loss at Ksh1.9 billion, compared to Ksh185 million the previous year, effectively hurting the lender’s bottom-line.
