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The Standard Group Plc is a
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Kenya's Equity Group Holdings , the country's second largest bank by assets, reported a 19 percent rise in first-quarter pretax profit and said growth would come from expanding its subsidiaries rather than new acquisitions.
The failure of three small and mid-sized banks in Kenya in the past year has fueled talk of consolidation, with Equity's rival Kenya Commercial Bank planning to buy one of the institutions now under administration.
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