The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Standard Chartered bank has posted a 39pc profit drop to Sh4.7b (PHOTO:Courtesy)
Defaults by big borrowers have plunged Standard Chartered Bank into a 39 per cent loss for the nine months to September this year.
Chief Executive Lamin Manjang said yesterday a downgrade on a ‘limited number’ of loan accounts coupled with the effect of lending rate caps contributed to the slowdown in earnings.
Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access