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StanChart ousts Barclays as most profitable foreign bank in Kenya

Ann Mutahi, chair of Stanchart Kenya Board and CEO Lamin Manjang discuss the bank’s financial results Tuesday.  [PHOTO: COURTESY]

By JACKSON OKOTH

NAIROBI, KENYA: Standard Chartered Bank of Kenya pushed to top spot as Kenya’s most profitable foreign owned bank. It posted a 16 per cent increase in pre-tax profit to Sh13.4 billion compared to Sh11.6 billion recorded the previous year.

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