NBK Managing Director Paul Russo said the quarter was marked by pockets of slow recovery from effects of the COVID-19 pandemic due to...
The bank’s corporate and retail franchises remained resilient in the subdued economy with reduced activity across sectors. During the period, NBK rolled out...
In one instance, Russo disclosed, a defaulting customer placed guns on the table in his office.
The corporate and retail franchises remained resilient, amid a subdued economy and reduced activity across sectors.
he bank’s performance, despite the COVID-19 pandemic, was driven by growth in loans and enhanced returns from government securities.
The stock of non-performing loans stood at Ksh25 billion, down from Ksh31 billion in 2018, as a result of an aggressive recovery strategy.
New NBK MD takes over from Wilfred Musau, who has been assigned a new role at KCB Group to support the integration.
KCB had said that it would eliminate excess staff and branches to accelerate returns