Nairobi, April 7 -- NCBA Group invested an additional Sh3.47 billion in its regional subsidiaries in the year ended December as it sought to increase its share of profits from outside Kenya.

In its latest disclosures, the lender said the value of its subsidiary investments hit Sh74.08 billion from Sh70.61 billion a year earlier, with the Tanzania unit accounting for more than half of the capital injection.

NCBA Group says it invested Sh2 billion in NCBA Bank Tanzania in a transaction that saw it buy out the 6.56 percent stake that was in the hands of minority shareholders.

"The group acquired the minority interest share, increasing group ownership to 100 percent," says NCBA in the annual report.

NCBA has been increasing its stake in t...