Stanbic bucks trend as after-tax profit hits Sh3.23 bn

Stanbic Bank along Kimathi Street on December 13, 2014. FILE PHOTO | NMG

Stanbic Bank Kenya #ticker:CFC has posted the largest growth in net profit among tier-one lenders for the nine months to September helped by the absence of an exceptional item last year related to its South Sudan operations.

Its after-tax profit rose by 19.71 per cent to hit Sh3.23 billion, the bank said in a statement Friday.

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