Financial services group majority owned by the Kenyatta family, NCBA Group has reported after tax profit of Sh5.3 billion for Q1 2024 ending 31st March. The results represent a marginal growth of 4.7 percent compared Sh5.06 billion reported for a similar period last year.
Results summary:
Balance sheet – Sh694 billion (+10.4 %)
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Loans and advances – Sh320.5 billion (+11 %)
GoK securities held to maturity – Sh109.3 billion (-13.6 %)
GoK security available for sale – Sh68.6 billion (-15 %)
Total Operating Income – Sh15.9 billion (+2.58 %)
Net Interest Income – Sh8.2 billion (-1.2 %)
Non Interest Income – Sh7.7 billion (+7.3 %)
Profit After Tax – Sh5.3 billion (+4.7 %)
