Stanbic Bank posts Sh3.9bn Q1 net profit

Chief Executive Officer of Stanbic Bank Kenya and South Sudan Joshua Oigara.

Photo credit: File | Billy Ogada | Nation Media Group

Stanbic Bank Kenya has posted a 2.7 percent growth in net profit for the first quarter ended March to Sh3.9 billion from Sh3.8 billion in a similar period a year earlier.

The small earnings growth was supported by a fall in non-interest-related expenses for the bank which helped to offset a slump in operating income during the quarter.

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