The Standard | by Fredrick Obura
National Bank of Kenya (NBK) has posted Sh177 million in profit after tax for the year ending December 31, 2020.
This represents a 167 per cent growth from the previous year, driven by an increase in loan volumes and lower operating costs, even as the Bank battled the impact of the COVID-19 pandemic.
The Bank’s corporate and retail franchises remained resilient in the subdued economy with reduced activity across sectors. During the period, NBK rolled out a raft of interventions to cushion customers from the effects of the pandemic…
