CFC Stanbic Bank Limited intends to rebrand to Stanbic Bank Kenya Limited

CFC Stanbic Bank Limited intends to rebrand to Stanbic Bank Kenya Limited if shareholders approve the move in a special general meeting to be held on Friday 5th August 2016. In a paid up advertisement carried in the dailies, the bank gives notice of the move that will also see the bank continue its restructuring with a holding company now properly in place following the merger of CFC and Stanbic Bank in 2008. In March CFC Stanbic holdings announced a 14% decline in after-tax profits to 4.90 billion shillings due to a 9.1% dip in non-interest revenue to 7.64 billion shillings from 8.41 billion shillings in financial year 2014. The bank was also named the best trade finance provider by the global finance magazine in April

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