Stanbic profit raises outlook for banks

Stanbic Bank has posted a 45.5 per cent jump in net profit to Sh6.27 billion in the full year to December 2018, from Sh4.3 billion in 2017 through what it termed prudent lending.

Loans to customers jumped from Sh130.5 billion to Sh146.6 billion in the year, helping the lender secure an interest income of Sh18.8 billion.