Stanbic Holdings HY profit up by 105pc to Sh3.6b - 6 months ago, 10 Aug 16:44

By: Correspondent


NAIROBI August 10, 2018 – Stanbic Holdings has posted a profit of Sh3.6 billion half-year profit for the period ended June 30th 2018, a 105 percent increase from the Sh1.7 billion it posted in 2017.

The Group, which consists of Stanbic Bank Kenya Ltd, SBG Securities and Stanbic Insurance Agency Ltd delivered revenues of Sh11.2 billion, compared to Sh9.2 billion the previous year.

This is attributed to enhanced contribution from non-interest income which grew by 34 percent accounting for a half of the total revenues, according to Stanbic Bank Kenya’s Chief Executive, Charles Mudiwa.

He noted that the impressive performance was the result of unwavering focus on fulfiling needs of customers, leveraging digital technology to enhance their experiences.

“Digitisation is key for our future. Technology continues to present an opportunity to improve our customers’ experiences and ensure that our services ...
Read More

Category: business finance


1 hour ago
Lifeline for SMEs in training boost

Tier one lender Co-operative Bank has teamed up with International Finance Corporation to empower small businesses through networking and training programmes countrywide in a Sh15 billion ...

Category: topnews news business
4 hours ago, 20:57
Girls turn mangoes into sweet juice and wine

It is another season of the year when supply of mangoes is high leading to glut. From Makueni to Siaya, mangoes are going for a song as traders and farmers try to avoid losses. In Siaya County, ...

Category: business topnews news
5 hours ago, 20:45
Bt cotton is not the panacea to challenges facing our struggling textile industry

Last week’s article, “How Bt cotton can revive collapsed textile industry,” glossed over pertinent issues and erroneously glorified the crop’s credentials. Prior to propagating genetic engineering, a ...

Category: topnews news business
5 hours ago, 20:46
Not an early bird? You can still catch these red worms

The threadlike, red creatures wriggle inside a plastic container creating a beautiful, unending pattern that interests the eyes. James Wafula looks at the red worms keenly before blurting out, “They ...

Category: topnews news business
5 hours ago, 20:46
Are feeds your chickens eat safe?

Are the commercial feeds you give your chickens, dairy cows, pigs and even rabbits safe? This is the question many farmers are asking themselves following the revelations by a new study that 90 per ...

Category: topnews news business
5 hours ago, 20:46
Why fish imports from China don’t worry me

On the foot of the Aberdare Forest in Nyandarua County, David Ruhiu is carving a niche in fish farming in a region dominated by dairy cows. Soon after retirement some 10 years ago, Ruhiu went into ...

Category: topnews news business