Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods. The S&P Global Kenya Purchasing Managers' Index (PMI) dropped to 49.5 from 50.5 a month earlier. Stanbic Bank’s PMI of 50.0 mark separates growth in activity from
Stanbic Bank Kenya and the Kenya National Chamber of Commerce and Industry (KNCCI) have signed a partnership to provide financial and non-financial support to Micro, Small and Medium Enterprises (MSMEs) that are members of KNCCI. An MoU was signed at the Busia Youth Polytechnic Ground on
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 Bank Kenya has signed an importing financing partnership with MHH International Limited and World Navi Company. The deal will see the lender’s customers who are interested in imported vehicles get up to 80 percent financing for a period of up to four years. “By partnering with
Stanbic Holdings earnings surged by 34.6 percent to record Ksh.3.5 billion in six months to June 2021 compared to Ksh.2.6 billion that was recorded same period last year. The rise in profitability has been attributable to improved operating income and lower costs. Net interest and non-interest income rose by 9.5
