This archive report was first published on 22 November 2019.
On November 22, 2019, NIC Bank, now part of NCBA Group, released its Q3 results for the period ended September 30, 2019.
The bank reported an interest income of Ksh 13.8 billion, a 3.8% increase from Ksh 13.3 billion in the previous quarter.
However, customer deposits decreased by 5.3% from Ksh 5.4 billion to Ksh 5.1 billion during the same period.
Non-Performing Loans (NPLs) stood at Ksh 14 billion, representing a 1.1% reduction from Ksh 14.1 billion in the same period in 2018.
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