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Absa Bank net profit for 3 months up 24pc

Absa Kenya Managing Director Jeremy Awori.

Absa Bank Kenya has reported a 24 per cent increase in profit after tax to Sh2.4 billion for the first quarter ending March 31, 2021, compared to a similar period last year.

The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises segment as the bank continued to support businesses to recover from the impact of Covid-19.

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