KCB Group recorded a 28% increase in net profit for the six months ending June 30, 2022, to KSh 19.6…
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The Group posted KSh24.4billion half-year net profit, a 36 per cent jump from KSh17.9 billion posted in the same period in 2021.
Diaspora remittances are part of Kenya’s largest foreign exchange earner, largely contributing to the country’s forex reserves to stabilise the shilling.
Stanbic Bank Kenya is a member of the Standard Bank Group, Kenya’s eighth largest commercial bank by assets.
The bonds, FXD1/2022/03, FXD2/2019/10, and FXD1/2021/20, sought to raise Ksh 50 billion for budgetary support.
Earnings per share (EPS) increased 16% to Ksh 2.83 from Ksh 2.44 over the same period in 2021.