NCBA Kenya’s Net Income For Q3 Grows 96.2%

NCBA Bank Kenya has released their Q3 financial results with net income growing by 96.2 percent on a year-to-year basis to hit 12.8 billion shillings. At the same time, the foreign exchange trading income grew by 162.9 percent to 9.2 billion shillings on a year-to-date basis.

Assets for the lender grew by 5.8 percent to 595.4 billion shillings while customer deposits grew by 3.2 percent to 462.1 billion shillings. The loan book grew by 11.7 percent to 266 billion shillings while non-performing loans dropped by 20.9 percent to 36.4 billion shillings.

The profit after tax for the lender grew by 96.2 percent to 12.8 billion shillings with no dividends declared for the period.

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