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.
The tough accounting measures the new management at Ecobank has adopted have driven the lender to a Sh2 billion loss.
The bank has factored in bad loans and written off expectations from revised earnings on Government bonds once, instead of staggering the losses over years.
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