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Originally published by Tech Arenatech
May 13, 2026
1h ago
Stanbic Bank Kenya Q1 Profit Rises to KES 3.5 Billion
Stanbic Bank Kenya reports a 5% rise in Q1 2026 profit to KES 3.5 billion, driven by lending growth despite margin pressure from falling interest rates...
✨ Key Highlights
Stanbic Bank Kenya has announced a profitable first quarter, with its profit after tax rising by 5% year-on-year to KES 3.5 billion for Q1 2026.
- Profit after tax reached KES 3.5 billion, up from KES 3.3 billion in Q1 2025.
- The performance was driven by double-digit balance sheet growth and disciplined cost and risk management, as reported by Stanbic Bank Kenya.
- Key factors included a 23% expansion of the balance sheet to KES 552 billion and a 12% increase in net interest income to KES 7.5 billion, despite lower Treasury bill rates.
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