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Profits for commercial banks shrink by 5 per cent to Sh135 billion

NAIROBI, KENYA: Profits for commercial banks shrunk by 5 per cent to Sh134billion in 2015 in a disruptive year that saw two lenders placed under receivership.

The Bank Supervision Annual Report 2015 released Tuesday says that pre-tax profit for the sector decreased from Sh141.1 billion realised in the year ended December 2014.

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