Kenya: Stanbic H1 Net Profit Rises to Sh6.6bn On Strong Lending Growth

Nairobi — Stanbic Holdings posted a net profit of Sh6.6 billion for the six months ended June 30, driven by growth in lending and customer deposits despite a dynamic operating environment.

The lender said total assets rose 27 percent to Sh602 billion, while customer deposits increased by 28 percent to Sh422 billion, reflecting continued growth in its customer base.

Customer loans grew by 24 percent to Sh290 billion, supported by increased lending to businesses and key sectors of the economy.

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