Standard Chartered Kenya Profit up by 11% in H1
Standard Chartered Bank Kenya recently announced its financial results for the first half of the year period ended 30 June 2022.
The lender’s profit before tax was up 11% to Ksh 7.5 Billion while profit after tax also rose by 11% to Ksh 5.4 Billion.
Net interest income increased 10% as non-interest income increased 11% with solid performance in wealth management and financial markets units. The bank’s wealth management unit posted an income growth of 25% while assets under management grew by 12%.
Customer deposits grew by 8% to Ksh 286.9 Billion as loans and advances to customers was up slightly by 2% to Ksh 128.5 Billion. The lender said current and savings accounts now make up 92% of total customer deposits.
Related Posts
NBK’s Q1 2026 profit triples to Ksh1.03bn on strong growth momentum
The National Bank of Kenya (NBK) has delivered a strong start to the 2026 financial year, posting an…
ByVFD Group sets sights on Pan-African expansion following N50.67bn rights issue
VFD Group is positioning itself for broader continental growth following the successful completion of its ₦50.67 billion rights…
Leadway Assurance posts N137bn claims payout, setting industry benchmark
Against the backdrop of a challenging yet gradually stabilizing macroeconomic environment, Leadway Assurance, Nigeria’s leading insurance services provider…
Gallery
