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Gulf African Bank profits up by 81 per cent

Gulf African Bank has posted a profit after tax of Sh729 million for the financial year ended December 31, 2015. That makes an 81 per cent growth from Sh402 million posted in the previous financial year.

The bank which is shariah compliant attributed the growth to the management’s efforts to diversify revenue sources by introducing more services to customers and enhancing efficiency through cost management initiatives.

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