×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

National Bank profits fall but board bullish on future

National Bank’s net profits for the first quarter ending March fell by a third to Sh334 million as the listed lender shook off the impact of toxic loans.

Last year, the bank reported Sh495 million in net profits in gains that would later in the year be wiped out after reclassification of loans to reflect a better picture of those in default.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in