National Bank of Kenya (NBK) recorded Ksh.886 million net profit for the year ending September 30, 2022.
This is a 24.4 percent drop compared to Ksh.1.17 billion recorded same period in 2021.
NBK interim Managing Director Peter Kioko said the results reflect NBK's continued investments in key
National Bank of Kenya (NBK) has inked a Ksh.1.1 billion deal with global asset manager WaterEquity to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises (MSMEs).
This is in addition to the Ksh.5 billion the lender had earlier secured
National Bank of Kenya (NBK) has recorded a profit after tax of Ksh.395 million for the quarter ending March 31, 2022.
This was an increase of 72 percent compared to Ksh.229 million that the bank posted during a similar period last year.
The growth was attributable to
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
National Bank of Kenya (NBK) has posted Ksh.1.1 billion net profit for the full-year ended December 31, 2021.
The surge has been brought about by increased income from loan interest and foreign exchange trading, together with lower loan loss provisions.
Strong financial results were attributed to the
National Bank of Kenya will be delisted from the Nairobi
Securities Exchange effective November 25, 2021.
This follows a successful takeover of 100 percent
shareholding by the Kenya Commercial Bank (KCB) Group.
The delisting has been approved by the Capital Markets
Authority (CMA) pursuant to Regulation 22(4) C of the
National Bank of Kenya (NBK) has partnered with Aqua for All to launch a Water, Sanitation and Hygiene (WASH) financing program targeting Micro, small and Medium Enterprises (MSME), corporates, vendors and other product and service providers along the water and sanitation value chain.
The Ksh.5 billion
Central Bank of Kenya (CBK) has approved the acquisition of 100 percent of National Bank of Kenya’s shareholding (NBK) by Kenya Commercial Bank Group (KCB)
The approval comes two days after KCB’S
offer to buyout National Bank of Kenya (NBK) shareholders closed. KCB is
Kenya’s biggest commercial bank
National Bank of Kenya (NBK) has recorded a Ksh150 million half year net profit for the year ending June 30, attributed to the savings on interest expenses, with key revenue streams remaining flat
The lender’s savings from interest expenses were about Sh300
million, attributable to a reduction