Home Business Absa profit jumps 833pc to Sh5.6 billion

Absa profit jumps 833pc to Sh5.6 billion

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The Standard | by Dominic Omondi


Absa Kenya’s profitability in the first half of this year grew more than nine-fold to Sh5.6 billion on increased repayment and aggressive cost management including retrenchments.

In the first six months of 2020, the lender recorded a profit after tax of Sh600 million as it…

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