National Bank of Kenya Q1 2015 Financial Results and Performance

(Last Updated On: May 30, 2015)

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National Bank of Kenya was able to post a 20% increase in Q1 pretax profit. It stood at Ksh707 million.

Net income rose by 20% to stand at Ksh1.86 billion. Net loans and advances had a major rise of 48% to Ksh70 billion. The lender plans to hold a rights issue to raise Ksh13 billion which will fund expansion into new markets and more lending.