Treasury bills lift StanChart’s profit to Sh7.7bn despite rise in bad loans

Standard Chartered Bank Kenya’s net earnings for the nine months to September grew by a quarter, thanks to income from government securities, despite a growth in toxic loans.
The lender reported an after-tax profit of Sh7.7 billion as at end of quarter three, compared to the Sh6.2 billion it posted during a similar period last year.

StanChart’s loan book shrank by Sh5.75 billion to Sh120.7 billion as at September 2016, compared to a year earlier.