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Police sacco nearly doubles profit on increased lending

The sacco’s loan book grew by about a fifth or 2.4 billion last year to stand at Sh16.4 billion, attributed to increased lending to members. PHOTO | FILE

By  HERBLING DAVID

Kenya Police Sacco nearly doubled its full-year net profit in 2016 driven by increased lending and non-interest earnings.

The deposit-taking credit union reported Sh793.03 million an after-tax profit compared to Sh436.8 million in the period to December 2015.

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

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