StanChart first-quarter profit rises 46pc to Sh4 billion

Stanchart

Stanchart CEO Kariuki Ngari addressing shareholders on March 14, 2023.

Photo credit: Wilfred Nyangaresi | Nation Media Group

Standard Chartered Bank Kenya (StanChart) has posted a 45.6 percent growth in net profit in the first quarter ended March on the back of higher interest income and revenue from transactions and foreign exchange trades.

The lender’s net profit in the period stood at Sh4 billion, up from Sh2.7 billion a year earlier as operating income jumped 45.2 percent to Sh10.76 billion.

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