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Absa, NCBA pass Stanchart in value

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Absa bank on Muindi Mbingu Street in Nairobi. FILE PHOTO | LUCY WANJIRU | NMG

By  Edna Mwenda

Business Reporter

Nation Media Group

NCBA Group and Absa Bank Kenya have risen to overtake Standard Chartered Bank Kenya in the market capitalisation ranking of Kenya’s listed lenders.

NCBA’s market value had grown to Sh64.5 billion as of Tuesday, making it the fifth-largest bank.

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