Stanbic takes Sh4bn parent loan to shore up capital base

Stanbic Bank branch on Kimathi Street Nairobi.

Photo credit: File | Nation Media Group

Stanbic Holdings received a $30 million (Sh4.1 billion) subordinate loan from its South African-based parent firm Standard Bank in the year ended December to boost its capital.

Stanbic Bank Kenya, the main operating subsidiary of Stanbic Holdings, was the biggest beneficiary of the loan.

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