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Cooperative bank’s profit after tax drops to Sh3.2 billion from Sh3.4b

NAIROBI, KENYA: Cooperative Bank of Kenya has registered a 6.2 per cent drop in profits for the first three months of the year joining the league of major lenders that have seen a drop in profits.

Financial results for the first quarter ended March 31, 2017 show that the bank's net profit was Sh3.2 billion compared to Sh3.4 billion recorded in a similar quarter last year.

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