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.
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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.
Going forward, the Everyday Banking, Relationship Banking, Product Solutions, and RBB ARO units would be reported separately.