National Bank Q3 Earnings Down 84%

National Bank of Kenya has released its financial results for the period ended September 2018 with profit after tax declining massively by 84% to Ksh22 Million.

Total interest income fell 10.5% to Ksh6.3 billion while interest expenses declined by 11.5% to Ksh2.2 billion.

Gross non-performing loans were up 4.3% to Ksh 30.9 billion while investment in Govt paper rose 3.2% to Ksh41.0 billion.

Loans and advances to customers declined by 17.1% to Ksh48.0 billion. Customer deposits fell by 5% to Ksh92.8 billion.

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By Kenyan Digest

The Kenyan Digest Team