Standard Chartered Bank Kenya's Q1 net profit in 2022 surged by 16 percent to Ksh.2.7 billion from Ksh.2.3 billion in Q1 2021.
This has been anchored on strong net interest incomes, financial markets, and wealth management.
“Our first-quarter performance was strong despite volatile and challenging market conditions
Standard Chartered Bank Kenya has reported a 70 percent jump in profit before tax in its 2021 full-year earnings, the highest rate in five years driven by lower costs and resilient income.
The lender recorded the highest income in 5 years with operating income going up
Standard Chartered bank Kenya recorded a 5% growth in
pre-tax profits to ksh6.9 billion, attributed to a 70% drop in the bank’s
provision for bad loans.
“Loan impairment was 70 per cent lower than in the same
period last year reflecting on going management actions to improve overall