Kenya's Standard Chartered pretax profit falls as provisions rise

November 25, 2015 3:13 PM

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Nov 25 Standard Chartered Bank of Kenya , a unit of Standard Chartered Plc, said on Wednesday its nine-month pretax profit fell 20 percent as it set aside more money for bad loans and operating costs jumped.

The bank said group pretax profit fell to 8.96 billion shillings ($87.8 million) for the nine-months ended Sept. 30 from 11.22 billion shillings a year earlier. (j.mp/1HmFXEV)

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