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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.
Standard Bank reported a 43 per cent drop in half-year profit on soaring bad loans but said sound that its capital position will allow for a final dividend.
Africa’s largest bank by assets said the fallout from the COVID-19 pandemic led to a near-tripling in impairment charges for bad loans to 11.3 billion rand ($654.2 million) in the first six months of the year compared with the same period in 2019.
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