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Jump in bad loans provision cuts Barclays profit 6pc

A Barclays Bank branch on Muindi Mbingu Street in Nairobi. PHOTO | FILE

A triple jump in loan loss provisions has reduced Barclays Bank of Kenya’s net earnings by 6 per cent in the third quarter ending September 2016.

In audited results published in the local dailies on Wednesday, the bank’s loan loss provisions went up more than three times to Sh3.1 billion from Sh986 million last year.

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Note: The results are not exact but very close to the actual.

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