Stanbic posts Sh10.1 billion profit after tax for third quarter

Dr Joshua Oigara Chief Executive Officer Stanbic Bank Kenya & South Sudan speaking during Stanbic bank 2023 H1 results the bank reported a Kshs.7.1 Billion profit after Tax for the H1 2023 period.[FILE]

Stanbic Bank has announced a Sh10.1 billion profit after tax for the nine-month period ended September 30, 2024.

The bank, which operates in Kenya and South Sudan, attributed the nine per cent year on year growth in profitability to improved net interest income driven by 12 per cent balance sheet growth to Sh463 billion.