VIDEO: National Bank issues profits warning

Less than 24 hours after suspending six senior managers pending an internal audit of the financial performance, National Bank of Kenya has issued a profit warning for its 2015 financial year.

The bank has linked the performance to growth in non-performing loans that are set to put pressure on the bank’s earnings.

This is expected to form the basis of the internal audit, with suspended CEO Munir Ahmed expected to appear before the board on Thursday.

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Story By Michael Karanja
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