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Stanbic raises dividend 35pc as lower provisions boost earnings
Stanbic Bank Kenya and South Sudan CEO Joshua Oigara speaks during the lenders 2023 full year financial results briefing held at Serena Hotel in Nairobi on March 6, 2024.
Stanbic Holdings has raised its dividend payout by 35.1 percent to Sh8.1 billion after the net profit for the year ended December 2024 grew by 12.8 percent to hit the highest level in the lender’s history.
Net profit rose to Sh13.71 billion from Sh12.16 billion posted in the preceding year on lower provision for loan defaults, helping Stanbic to increase dividend per share for the third straight year.
