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KCB recorded a 43 per cent drop in net profit in the first nine months of this year, posting Sh10.9 billion after it set aside a big chunk of cash for possible defaults.
The lender, which is grappling with the effects of Covid-19, posted Sh19.2 billion in September last year. Loan loss provision during this period increased more than three times to Sh20 billion in a period that saw lenders restructure loans running into billions of shillings.
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