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NCBA Q1 net profit up 3.4pc to Sh5.4bn on reduced tax cost
John Gachora, NCBA Group Managing Director and CEO, gives remarks during the release of the first half of the 2024 financial results at Fairmont Norfolk Hotel Nairobi on August 22, 2024.
NCBA Group’s net profit for the three months ended March 2025 rose by 3.4 percent to Sh5.48 billion, helped by a rise in net interest income and reduced tax expense.
The growth in net earnings was from Sh5.3 billion, posted in the previous similar quarter. The growth in profit came in the period net interest income grew by 20.6 percent to Sh9.97 billion from Sh8.26 billion.
