{"id":65394,"date":"2022-08-18T14:54:08","date_gmt":"2022-08-18T14:54:08","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit"},"modified":"2022-08-18T15:17:27","modified_gmt":"2022-08-18T15:17:27","slug":"stanbic-posts-37-increase-in-half-year-profit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit","title":{"rendered":"Stanbic posts 37% increase in half-year profit"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Stanbic Holdings Plc has posted a 37 per cent increase in profit after tax of Sh4.8 billion for the first six months to June.<\/p>\n

It attributed the rise in performance to “strong business momentum and judicious execution of its digital transformation strategy”.<\/p>\n

The group\u2019s customer loans went up by 31 per cent to Sh217 billion compared to a similar period last year.<\/p>\n

Net interest income was up by 21 per cent driven by growth in the lending book across all the business segments, improved margins and funding cost management.<\/p>\n

“Our future-ready digital transformation journey continues to simplify and enhance our customers\u2019 banking experience,\u201d Stanbic chief executive, Charles Mudiwa said.<\/p>\n

The lender’s credit quality improved evidenced by a reduction in the credit loss ratio to 1.1 per cent in the first half 2022 from 1.64 per cent over a similar period in 2021.<\/p>\n

\u201cWe hope to build on this good momentum for the remainder of 2022, to continually deliver better returns to our shareholders, unmatched service to our customers and ultimately, to move the Kenyan and South Sudan economy forward,\u201d said Mudiwa.<\/p>\n

Mudiwa added that the Group will continue to focus on deepening client relationships and improving customer service whilst improving operational efficiency.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Stanbic Holdings Plc has posted a 37 per cent increase in profit after tax of Sh4.8 billion for the first six months to June. It attributed the rise in performance to “strong business momentum and judicious execution of its digital transformation strategy”. The group\u2019s customer loans went up by 31 per cent […]<\/p>\n","protected":false},"author":84,"featured_media":65393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-65394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nStanbic posts 37% increase in half-year profit - kenya<\/title>\n<meta name=\"description\" content=\"Stanbic Holdings Plc has posted a 37 per cent increase in profit after tax of Sh4.8 billion for the first six months to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stanbic posts 37% increase in half-year profit\" \/>\n<meta property=\"og:description\" content=\"Stanbic Holdings Plc has posted a 37 per cent increase in profit after tax of Sh4.8 billion for the first six months to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-18T14:54:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-18T15:17:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/08\/postQueueImg_11-62fe57cdb4f68.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Stanbic posts 37% increase in half-year profit\",\"datePublished\":\"2022-08-18T14:54:08+00:00\",\"dateModified\":\"2022-08-18T15:17:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/08\/postQueueImg_11-62fe57cdb4f68.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/stanbic-posts-37-increase-in-half-year-profit\",\"name\":\"Stanbic posts 37% increase in half-year profit - 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