NBK after-tax profit rises to Sh1.02bn
National Bank managing director Munir Ahmed on November 4, 2014. The National Bank has recorded a 15.9 per cent growth in profit after tax to Sh1.02 billion for the third quarter ended September 30. PHOTO | DIANA NGILA
What you need to know:
- The bank realised Sh880 million in the same period last year.
The National Bank has recorded a 15.9 per cent growth in profit after tax to Sh1.02 billion for the third quarter ended September 30.
The bank realised Sh880 million in the same period last year. “We continue to focus on network expansion in order to be felt in all counties, service and innovation,” NBK chief executive Munir Sheikh Ahmed said.
The bank’s total assets increased by 28 per cent while loans and advances grew by 83 per cent to Sh57.5 billion from Sh31.4 billion recorded in same in 2013.
