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K-rep Bank records 84pc rise in net profit to Sh360 million
A K-rep Bank branch along Kenyatta Avenue in Nairobi. K-rep has recorded an 84 per cent jump in net profit 2013 to Sh360 million. Photo/Salaton Njau
K-rep Bank registered an 84 per cent jump in net profit last year buoyed by increased interest earnings from government securities and cost cutting.
The bank’s net profit rose to Sh360 million in 2013, up from Sh196 million a year earlier. But shareholders will forgo dividend as the firm boosts retained earnings to Sh678 million.
