StanChart net profit dips 10.5 per cent on bad loans

Standard Chartered ATM lobby in Nairobi. FILE PHOTO | NMG

Standard Chartered Bank Kenya #ticker:SCBK has reported a 10.5 per cent decline in net profit for the first quarter ended March, weighed down by higher expenses and provisions for bad debt.

The lender’s net earnings in the review period stood at Sh1.8 billion compared to Sh2 billion a year earlier.

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