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State-backed mortgage financier issues Sh3.7b loans

Roof under construction. [iStockphoto]

The Kenya Mortgage Refinance Company (KMRC) has reported Sh108 million in profit after tax in the six months ended June 2022.

Data from the latest financial statements indicate that the State-backed mortgage refinancier saw a 30 per cent increase in net profits from Sh76 million reported at the end of December 2021, which the firm attributed to increased lending.

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