National Bank posts Sh87Mn Q32020 profits

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 National Bank of Kenya (NBK) has posted Sh87million in profit after tax for the nine months ending September 2020. This represents a 77 percent decline over a similar period last year due to effects of the COVID-19 pandemic.

The bank recorded a profit before tax of Sh535million representing a 7 percent increase over a similar period in 2019.

The corporate and retail franchises of the Bank remained resilient, amid a subdued economy and reduced activity across sectors, due to the crisis.

More to follow.

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