Stanbic Bank profit more than doubles to Sh3.4b

Stanbic Holdings Plc Regional Chief Executive Greg Brackenridge (left) and Stanbic Bank- Kenya Chief Executive Charles Mudiwa during the released of half-year results yesterday. [Maxwell Agwanda, Standard]

Stanbic Bank has returned an impressive 101 per cent rise in net profits for the first six months of this year.

The lender’s after-tax profit for the half-year to June 30, 2018, was Sh3.4 billion from Sh1.72 billion in a similar period last year.