Nairobi, Kenya, March 3 -Stanbic Holdings has reported a 39 percent jump in profit for the year ended 31 December 2021 after posting Shs 7.2 billion in Kenya breaking news | Kenya news today |
Kenyan financial firm Stanbic Holdings said on Tuesday its 2021 pretax profit surged 57% to 9.76 billion shillings from a year earlier, helped by rising interest income and a drop in impairment.
South Africa’s Standard Bank has been given one year to complete the purchase of more shares in its local subsidiary Stanbic Holdings with a target of attaining a 75 percent stake.