NCBA first quarter net profit up 4.6pc to Sh5.3bn

NCBA Group Managing Director and CEO John Gachora at a past media briefing on August 24, 2023.  

Photo credit: File photo | Lucy Wanjiru | Nation Media Group

NCBA Group has posted a 4.6 percent growth in net profit to Sh5.3 billion in the first quarter ended March 2024 on increased non-interest income and reduced tax expense.

Financial results published Thursday showed net earnings grew from Sh5.07 billion posted in a similar period last year, following the trend of increasing earnings by tier I lenders, including KCB, Equity and Co-operative Bank of Kenya.

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Note: The results are not exact but very close to the actual.