Standard Chartered Kenya posted a 36% jump in its pretax profit for 2022 to 17.1 billion shillings ($132.15 million), its chief financial officer said on Tuesday.
A man walks past a logo of the Standard Chartered Kenya bank in their main office in Nairobi, Kenya September 29, 2017. Picture taken September 29, 2017. REUTERS/Baz Ratner/posted a 36% jump in its pretax profit for 2022 to 17.1 billion shillings , its chief financial officer said on Tuesday.
The increase was due to reopening of businesses after the COVID-19 pandemic, which fueled demand for loans, and an increase in lending rates, CFO Chemutai Murgor told an investor briefing. Net interest income grew by 18% during the period, Murgor said, while income from transactions increased by 13%., is one of the oldest lenders in Kenya. It has been focusing aggressively on the wealth management business segment for affluent customers in recent years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil giant Saudi Aramco posts largest-ever profit of $161bn for 2022Board recommends issuing bonus shares to eligible shareholders
Read more »
![EISH WENA: 2022 Costa Titch's performance in Nairobi, his dancing style was insane [viral video]](https://i.headtopics.com/images/2023/3/12/thesanews/eish-wena-2022-costa-titch-s-performance-in-nairob-eish-wena-2022-costa-titch-s-performance-in-nairob-1634888916619735046.webp?w=640)
EISH WENA: 2022 Costa Titch's performance in Nairobi, his dancing style was insane [viral video]EISH WENA! You wont believe what this video went viral for! WATCH our daily viral videos fished off the internet here!
Read more »
World's biggest oil producer Saudi Aramco reports 'record' $161 billion profit for 2022 | BusinessSaudi Aramco said on Sunday it achieved 'record' profits totalling $161.1 billion (about R3 trillion) last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter. | News24_Business
Read more »
Saudi Aramco reports 'record' $161 billion profit for 2022Saudi Aramco said on Sunday it achieved 'record' profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia in...
Read more »
Blackouts cost MTN R695m in 2022SA could become a failed state unless it deals with the crisis, CEO Ralph Mupita warns
Read more »
South Africans are making their way back to resorts and casinosSun International sees strong growth, as urban casinos grew by 41% in 2022.
Read more »