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StanChart’s first quarter profit up 31pc to Sh2.4bn

A Standard Chartered Bank branch in Nairobi: The lender’s 31 percent profit growth is so far the best among the big banks that have released their Quarter One results. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Standard Chartered Bank (Kenya) #ticker:SCBK reported a 31.1 percent net profit jump in the first quarter ended March, helped by lower costs.

The lender’s net earnings in the review period stood at Sh2.4 billion compared to Sh1.8 billion a year earlier.

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

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