Mayfair Bank narrows loss in first quarter to Sh76m

Mayfair commenced banking operations on August 1, 2017. FILE PHOTO | NMG

Mayfair Bank recorded steady growth as it narrowed its net loss to Sh76 million in the first quarter ended March compared to a net loss of Sh89.1 million a year earlier.

The lender’s interest income rose 90.5 percent to Sh126.1 million as the loan expanded five times to Sh3.4 billion from Sh677.7 million.

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