StanChart profit grows 16pc in first three months

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

Standard Chartered Bank Kenya reported a 15.6 percent jump in net profit in the three months to March, driven by loan loss provisions declining by more than two folds and expanded net interest income from loans and advances.

The lender recorded Sh2.76 billion net earnings in quarter one compared to Sh2.39 billion in the same period in 2021.

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