NCBA has not recommended the payment of an interim dividend for the period.
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Switch auction involves a transaction that exchanges securities held by investors with selected bonds. The transaction is majorly used to increase liquidity in the debt securities market.
The Monetary Policy Committee decided to raise the Central Bank Rate (CBR) from 8.25 per cent to 8.75 per cent.
An interim dividend of Ksh.6 per share declared.
• This was largely attributable to a 32% and 25.6% uptick in Non-Funded Income (NFI) and Total Interest Income.
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%