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StanChart posts 42.7pc rise in net profit to Sh9bn

A Standard Chartered ATM lobby in Nairobi. The bank has posted a 42.7 per cent increase in net profit for 2016 to Sh9.05 billion. FILE PHOTO | NMG

By  MUGAMBI MUTEGI

Standard Chartered Bank of Kenya Tuesday shrugged off the effects of the interest rate caps to post a 42.7 per cent increase in net profit for 2016.

The rise in profit was helped by additional lending to government and lower cost of bad loans.

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

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