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NCBA net profit drops 45pc on loan loss provisions

NCBA branch in Nairobi. PHOTO | NMG

The NCBA Group has reported a 45 per cent drop in profit-after-tax to Sh2.5 billion in the nine months to September 2020.

This is despite more than doubling its interest income from Sh15 billion to Sh31.1 billion in the period, following its merger last year.