CfC Stanbic Holdings half-year profit up 22pc to Sh2.4b

CfC Stanbic Holdings’ earnings from operating activities increased more than four times to push the group’s half-year net profit by 22 per cent to Sh2.4 billion.

Financial statements prepared for the six months to June 31 show the group’s net interest income grew by 24 per cent to Sh5.5 billion. This was supported by increased returns from loans and advances, and Government securities.