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NCBA, Diamond Trust and IM join big lenders in profit boom

John Gachora (2nd right), NCBA Group Managing Director, with David Abwoga, Louisa Wandabwa and Raphael Ag’ung during the release of NCBA’s 2023 full-year results at the Radisson Hotel, Nairobi. [Wilberforce Okwiri, Standard]

Tier one lenders NCBA Group, I&M Group and Diamond Trust Bank (DTB) have reported higher profits for the period ended September 30.

They are joining a sector-wide earnings boom after larger rivals, including KCB Group, Equity Group, and Cooperative Bank, also posted jumps in net income.

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