Home Business Absa Kenya profit jumps 328pc to Sh8.2 billion

Absa Kenya profit jumps 328pc to Sh8.2 billion

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Business Daily | by Victor Juma


Absa Bank Kenya’s net profit more than quadrupled to Sh8.2 billion in the nine months ended September as provision for bad debt fell sharply.

The lender’s net income rose 328.2 percent from Sh1.9 billion a year earlier as provision for defaults declined 55.2 percent to Sh3.4 billion…

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