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Stanbic offers record dividend after profits hit Sh9 billion
Stanbic Bank CEO Kenya and South Sudan Joshua Oigara (left), Standard Bank Group East Africa Region chief executive Patrick Mweheire (centre) and Stanbic Holdings chief financial and value officer Dennis Musau during the lender’s 2022 financial performance release on March 9, 2023. PHOTO | DENNIS ONSONGO | NMG
Stanbic Holdings has increased dividend payouts by 40 percent after the net profit for the year ended December 2022 grew 26 percent to hit the highest level in the lender’s history.
Net earnings hit Sh9.06 billion from Sh7.21 billion posted in the preceding year as the interest income grew on increased lending and non-funded income rebounded.
