NCBA profit up 20pc as Family Bank earnings dip to Sh1.4b

NCBA Group Managing Director John Gachora. [Jonah Onyango, Standard]

NCBA Bank has reported a 20.3 per cent growth in after-tax profit for the half year to June 30, shrugging off a drop in the revenues that the bank raked in from the Fuliza loan facility after a reduction in daily charges to borrowers.

This is as its rival Family Bank reported a drop in its profit, which it said was due to higher interest expenses.