Standard Chartered Bank Kenya’s net profit for the half-year ended June 2023 rose by 27.7 percent to Sh6.91 billion on the higher interest income from customer loans and foreign exchange commissions.
The lender’s top-line revenue rose by a third to Sh20.88 billion in the period, while operating expenses rose by 40.6 percent to Sh11.23 billion, largely on account of higher provisioning for bad loans and higher employee costs.
