NCBA Group net profit has risen by 4.3pc to reach Ksh 9.8 billion from Ksh 9.4 billion in six months to June this year.
The bank’s profitability was sustained by its diversified investments and operating income which rose by 1.1pc year-on-year to reach Ksh 31.4 billion though outpaced by operating expenses which surged by 15.5pc to Ksh 16.5 billion.
The bank says its non-banking subsidiaries, including Investment Banking, Bancassurance and Leasing contributed in strengthening its overall performance in the period under review to contribute Ksh 600 million in profitability.
Group Managing Director of NCBA John Gachora says despite gross profits remaining flat at Ksh 11.7 billion, the non-banking subsidiaries posted a 56pc year-on-year growth.
Likewise, the lender made strides in financial inclusion, disbursing Sh478 billion in digital loans and enhancing digital platform services.
On the flip side, its operating expenses surged by 15.5 percent to Sh16.5 billion.