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Stanbic shareholders get record dividend as profit hits Sh12bn
From left: Stanbic Bank Kenya & South Sudan Chief Executive Officer Joshua Oigara, Stanbic Bank Chief Finance and value officer Dennis Musau and Standard Bank Group East Africa Regional Chief Executive Patrick Mweheire after the bank half-year result announcement at Movenpick Hotel, Nairobi on August 10, 2023. PHOTO | LUCY WANJIRU | NMG
Stanbic Holdings has raised its dividend payout by 21.8 percent to Sh6.07 billion after the net profit for the year ended December 2023 grew by a third to hit the highest level in the lender’s history.
Net profit grew by 34.2 percent to Sh12.16 billion from Sh9.06 billion posted in the preceding year as the interest income and non-funded income increased.
