NBK net income more than double

The National Bank of Kenya has announced a more than double growth in net earnings for the nine months to September to Sh2.3 billion from Sh1 billion the same period last year.

The group’s total interest income of rose to Sh9.75 billion versus Sh7.63 billion a year ago.

The bank also saw its net non performing loans rise 44 per cent to Sh5.5 billion compared to S.8 billion last year.

READ: National Bank gets nod to sell PCEA land in Sh519m row

SOURCE: BUSINESS DAILY