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Stanbic profit up 14pc as staff lay-offs loom

News of Stanbic Bank of Kenya posting net profit growth of 14 per cent was blighted by reports that the lender was also cutting jobs.

Stanbic recorded a half-year net profit of Sh4.1 billion compared to the previous year’s Sh3.6 billion on the back of improved earnings from its lending activities in the first half of 2019.

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