Nation | by Paul Wafula
The NCBA Group has reported a 45 per cent drop in profit-after-tax to Sh2.5 billion in the nine months to September 2020.
This is despite more than doubling its interest income from Sh15 billion to Sh31.1 billion in the period, following its merger last year.
The Nairobi Securities Exchange-listed lender attributed the drop in profitability to provisioning for potential loan defaults that reduced the operating gains…
