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Absa profit drops 23 per cent to Sh6.5b

Jeremy Awori, Absa Chief Executive Officer (PHOTO: FILE)

Absa Bank Kenya has reported a 23 per cent decline in earnings mainly attributed to Covid-19 related provisions.

The lender posted a profit after tax of Sh6.5 billion. The normalised performance excludes an exceptional cost of Sh3.2 billion which went towards the brand transition to Absa and restructuring programmes.

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