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Family Bank has reported a net profit of Sh1.16 billion in the year ended December 31, 2020, up from Sh949 million in 2019.
The bank’s total non-performing loans, however, increased from Sh7.13 billion in 2019 to Sh8.08 billion in 2020 as distressed borrowers defaulted on their loans, or had them restructured due to the negative impact of Covid-19 on the economy and livelihoods.
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