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Nairobi; Kenya: Family Bank has posted a pre-tax profit of Sh2 billion in the last nine months compared to Sh1.2 billion posted over a similar period last year. This is a 66 per cent growth in profits and is more than what the bank posted in the 2013 financial year.
This growth in profitability has been attributed to a significant jump in net interest income to Sh3.9 billion from Sh3.1 billion due to an expanded loan book, which grew by 28 per cent to Sh36 billion.
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