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NAIROBI, KENYA: Equity Bank has posted an 8 per cent rise in net profits to September fromSh14.6 billion last year to sh15.8 billion partly supported by a slight reduction in loan loss cover.
Lower provisions by the bank went down to Sh1.3 billion from Sh2.8 billion, despite total bad loans for the Group surging from Sh20.6 billion in 2017 to Sh26.4 billion.
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