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.
A Dubai Islamic Bank branch in Nairobi. The bank’s operational expenses rose from Sh568 million last year to Sh745.8 million in the nine months to September this year. [Elvis Ogina, Standard]
New entrants into the banking sector are struggling to get a footing in the Kenyan market as they continue with their loss-making streak.
Dubai Islamic Bank is one such lender, announcing a Sh665.8 million net loss for the nine months to September this year to push it further into the red from a Sh561 million loss it made in a similar period last year.
Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.