Standard Chartered Bank of Kenya has posted a 36% jump in its pretax profit for 2022 to 17.1 billion shillings.
The banks Chief financial officer (CFO) Ms Chemutai Murgor attributed the increase to the reopening of businesses after the COVID-19 pandemic, which fueled demand for loans, and an increase in lending rates.
The Net interest income grew by 18% during the period, Murgor said, while income from transactions increased by 13%.
The bank will now pay a dividend of Kshs16 per share.
More to follow
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