StanChart profit jumps 50pc on lower expenses

Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | DIANA NGILA | NMG

Standard Chartered Bank Kenya’s #ticker:SCBK net profit surged 50.9 percent in the half year ended June, helped by lower operating expenses and higher non-interest income.

The bank reported net earnings of Sh4.8 billion in the period compared to Sh3.2 billion a year earlier.

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Note: The results are not exact but very close to the actual.