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CfC Stanbic registers 52pc rise in net profit

NAIROBI, KENYA: CfC Stanbic has posted improved results with its half-year profits increasing to Sh3.3 billion from Sh2.2 billion registered over a similar period last year.

CfC Stanbic Group, which has a branch in South Sudan and an investment arm - SGS Securities, attributes its performance to improved revenues from trade in South Sudan as well as its investment banking portfolio.

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