Kenya expects its fiscal deficit to narrow to KSh862.5billion, which is 6.2 per cent of the country’s Gross Domestic Product (GDP) in the current fiscal year.
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The Board of Directors did not recommend paying an interim dividend.
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.