NC Bank posts 61% growth in profits in 2015

By Silvia Nyambura NC Bank Uganda has announced a 61% rise in profit after tax for the year ended December 31st, 2015 to cross Ushs 1 billion up from Ushs 670 million in the previous year. The Bank’s total assets increased by 20% to Ushs 202 billion. Interest income grew 40% to Ushs 21.5 billion. Foreign Exchange income grew 170% to Ushs 1.16 billion while fees and commissions grew by 42% to