NCBA quarter one profit rises to Sh5 billion

NCBA headquarters in Upper Hill, Nairobi. 

Photo credit: File | Evans Habil | Nation Media Group

NCBA Group has posted a 48.5 percent rise in net profit for the first three months of the year, with earnings increasing to Sh5.1 billion from Sh3.4 billion the previous corresponding quarter.

The lender’s improved performance is anchored on higher interest income, with non-interest funded earnings also rising to Sh7.2 billion from Sh6.1 billion. Foreign exchange trading brought in Sh2.7 billion.

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