National Bank’s #ticker:NBK net earnings for the six months to June dropped 42 per cent with the lender’s key capital ratio slipping further below regulatory requirements as fundraising plans continue to delay.
NBK, in which KCB Group #ticker:KCB reportedly plans to acquire a majority stake, said its half-year net profit had tumbled to Sh179.8 million in the period from Sh311.2 million a year earlier.
