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%
I&M Group,a financial services institution, has announced a Sh4.9billion half-year net profit, a 16 per cent rise from Sh4.2 billion posted in the same period last year. The rise in the lender’s earnings was attributed to a 21.9 per cent jump in total operating income to Sh15.6 billion from Sh12.8 billion. I&M’s total assets, on
One of Ghana’s largest retail Banks, Access Bank (Ghana) Plc, has reported an impressive financial performance for the first half of 2022 to maintain its positive growth trajectory over the past few years. The Bank recorded a growth of 43% in its Profit Before Tax (PBT) as compared to the same period in 2021, from
Airtel Africa has announced that they have seen a 12.0% to 116.4 million, with revenue on reported basis increasing by 10.7% to $1,815m, with Q2 revenue growth of 14.3% . This is according to their half-yearly results for the period ended 30 September 2020. The results for the six months ended 30 September 2020 are
The African Export-Import Bank (Afreximbank) recently released its unaudited financial statements for the six months ended June 30, 2020, indicating that total revenues grew by 4.4 per cent to $519.8 million. The bank in a statement said fees and commission income supported the growth in revenues, reflecting continuing progress towards achieving its goal of diversifying
Shareholders of Skyway Aviation Handling Company (SAHCOL) Plc recently announced its unaudited financial results for the half year (H1) ended June 30, 2020, showing a decline in the revenue and profits, indicating the challenges encountered in the review period. SAHCO recorded a revenue of N3.092 billion, showing a decline of 11.9 per cent from N3.511
The South African lender Absa Group Ltd announced rise in profit of 5% in H1 recently.Despite the unstable domestic economy, It’s core retail business managed to grow in profit. Absa, the efficient bank tried to win back ground lost under the stewardship of former parent Barclays following its split from the British lender in 2017.
MTN Group Ltd declared that it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio. According to the statement made available during the conference in Johannesburg, the Group Chief Executive, Rob Shuter, noted that the firm’s
Oando Plc has continued to defy skeptics as it recorded N8.5 billion profit-after-tax (PAT) in its half-year (H1) results ended June 30, 2018. The impressive result comes in the wake of increase in the price of oil and gas commodities, Following the fall in crude oil prices, Oando like other companies took a significant hit
It was a double digits growth in earnings and profits top Nigerian lender, Fidelity Bank in Half-year 2017 from the previous half year’s position as it battled high cost to income ratio and growing non-performing loans (NPL) crisis which is common in the banking sector in recent time. The Chief Executive Officer of the bank,
