(Last Updated On: June 2, 2016)
National Bank of Kenya posted a Ksh334.6 million net profit in the first quarter of 2016. This is a 32.4% drop from the Ksh495m in 2015.
Net interest income increased from Ksh1.9bn to Ksh2.3bn while net loans and advances dropped by 5.3% as the loan book stood at Ksh66.3bn. Gross non-performing loans stand at Ksh16.97bn, a whole Ksh10bn increase.
The assets of the bank stood at ksh115.6bn which is a drop from ksh116.9bn. Customer deposits increased from ksh85.3bn to ksh99.4bn.