StanChart profit surges 63pc on income from lending, fees

Stanchart

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

Photo credit: Wilfred Nyangaresi | Nation Media Group

Standard Chartered Bank Kenya grew its net profit by 62.7 percent in the nine months ended September, helped by higher income from lending and transactions.  

The bank posted a net profit of Sh15.8 billion in the period, up from Sh9.7 billion a year earlier, marking the fastest pace of earnings growth among listed banks that have published their results.

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