Stanbic SME lending grows by Sh23.5bn on digital transactions

A Stanbic bank branch in Nairobi. FILE PHOTO | NMG

Stanbic Bank’s #ticker:SBIC lending to small and medium enterprises (SMEs) grew by Sh23.5 billion last year, new data shows, buoyed by the convenience of digital transactions.

The latest Stanbic Holding Report to Society shows the loans grew from Sh10.3 billion in 2018 to Sh33.8 billion last year, representing a 128.2 per cent growth.

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