Natbank Trustee profit up 34% to Ksh.23.4 million
Natbank Trustee and Investment Services Limited (Natbank) net profit surged by 34 percent to Ksh.23.47 million for the full year ended December 31, 2021.
The record profit has been attributed to rising management fees in line with the 30 percent growth in assets under management during the year under review.
“Despite a challenging year, we achieved an impressive funds and earnings growth. The growth mirrors our continued commitment towards delivering solutions that resonate with our clients,” said Natbank Trustee & Investment Services Head & Principal Officer, Victor Odendo.
The lender said it would review opportunities in high growth areas of the business.
Natbank offers a variety of products and services tailored to meet clients’ demand and risk profile.
The bank has put in place services available to private investors for a unique portfolio that best suits their investment needs.
“Our primary ambition is to differentiate our offering by way of realigning ourselves towards delivering an unparalleled investment proposition to all our clients supported by superior customer experience. We will therefore continue to operate as a responsible brand and we will discharge our professional mandate for the best interest of our clients,” said Odendo.
The services available will also include pensions sector through segregated fund management and also easier access to registered retirement benefits schemes.
Natbank recently received regulatory approval to offer unit trust products consisting of equity fund, balanced fund, bond fund and money market fund.