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Kenya's Family Bank said on Thursday its profit for this year is likely to fall by at least 25 percent due to higher funding costs and expenses associated with a round of job cuts.
The mid-tier lender, whose shares are traded on the Nairobi Securities Exchange's Over-The-Counter market, said its pre-tax profit for the first nine months of this year plunged 46.6 percent to 1.45 billion shillings ($14.24 million), after costs rose.
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