Kenya witnessed a surge in business confidence in 11 months to January 2023, according to the Stanbic Bank’s monthly Purchasing Managers Index (PMI). The monthly PMI for January 2023 came at 52.0, creeping by 0.4 from December’s 51.6. This monthly survey points towards a sustained improvement in
Stanbic Bank Kenya has secured a Ksh.1 billion loan from the African Guarantee Fund to finance Small & Medium-sized Enterprises across the country for the next five years. The credit facility will expand the bank’s lending capacity in the country to cover SMEs. …our partnership with the
Stanbic Bank Kenya has opened a new branch in Kisumu County in a bid to contribute to the growth and development of the county. This move is part of the bank's FutureNiDigital campaign, which was launched in 2021. In a Memorandum of Understanding (MoU) with the County,
Stanbic Holdings has registered a Ksh.7.2 billion profit for the year ended December 31, 2021. This represents a 39 percent increase from last year’s performance and is attributable to solid business momentum and various interventions that enabled the Group and its customers to weather the economic
Stanbic Bank and Caetano Kenya have signed a Vehicle Asset Financing partnership agreement that will see the bank offer customers up to 100 percent financing with 0 percent interest rate when purchasing a motor vehicle from the car dealer. Caetano Kenya is the official distributor and
DT Dobie and Stanbic Bank Kenya have signed a deal to offer vehicle asset financing for the purchase of Mercedes Benz, Volkswagen and Hyundai personal and commercial vehicles. The partnership will see Stanbic bank provide up to 100 percent financing for personal vehicles and up to
Stanbic Bank Kenya and United States African Development Foundation (USADF) have unveiled Micro, Small and Medium Enterprises (MSMEs) winners of the Ksh.33 million grant facility. The seven winners of the grant were selected from 500 applicants across the country who demonstrated resilience and promise to grow
