Video: Family Bank reports 48% drop in profit - CNBC Africa

Family Bank reports 48% drop in profit

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Family bank has reported a 48 per cent drop in net profit to 9.5 million dollars for the first nine months of 2016, burdened by rising staff costs. Elsewhere Treasury has cut its development budget for the current financial year by over two billion dollars reducing the total development budget to 5.9 million dollars. Shiv Arora, Head, Private Equity Real Estate, Cytonn Investments joins CNBC Africa for more.

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