×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

StanChart ousts Barclays as most profitable foreign bank in Kenya

Ann Mutahi, chair of Stanchart Kenya Board and CEO Lamin Manjang discuss the bank’s financial results Tuesday.  [PHOTO: COURTESY]

By JACKSON OKOTH

NAIROBI, KENYA: Standard Chartered Bank of Kenya pushed to top spot as Kenya’s most profitable foreign owned bank. It posted a 16 per cent increase in pre-tax profit to Sh13.4 billion compared to Sh11.6 billion recorded the previous year.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in