Mar 7, 2024
Stanbic reports a 34.2% rise in net profit to Ksh. 12.2 billion for 2023
Stanbic has reported a 34.2 percent rise in net profit to Ksh. 12.2 billion for the financial year ended December 31, 2023. The rise in profitability was attributed an increase in net interest income, which grew from Sh18.9 billion to Sh25.6 billion. Non-interest income, primarily generated from fees and commissions, also experienced a positive growth from Sh13.14 billion to Sh15.67 billion. The…
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