National Bank of Kenya (NBK) sank into Sh3.84 billion net loss for the half year ended June on the back of a Sh2.3 billion payout to a former Member of Parliament as compensation for auctioning his sisal farm about 16 years ago.
NBK, a fully-owned subsidiary of KCB Group, has had to make the payment to Mr Basil Criticos leading to the loss compared with Sh964.15 million net profit posted in a similar period last year.
