Kingdom Bank projects Sh300m full year profit

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Kingdom Bank. FILE PHOTO | NMG

Kingdom Bank’s management is projecting at least Sh300 million pre-tax profit this financial year, riding on a confidence boost after being acquired by Co-operative Bank.

If realised, this will be the first profit— also the best performance in over a decade — ending a streak of five years in losses.

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