Absa Bank Kenya Plc has posted a 5.3 percent growth in net profit for the first three months of the year to Kes 2.0 billion from Kes 1.9 billion posted in a similar period in 2019. The company attributes the rise in profit to a rise in non-interest funded income (NFI) which increased by 15.4 percent to Kes.3 billion from improved trading gains.
Interest income meanwhile grew at a slower pace of 2.7 percent to Kes.7.6 billion bringing total operating income to Kes.8.6 billion from a flat Kes.8 billion a year ago.
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