Stanbic H1 net profit rises to Sh6.6bn on strong lending growth

Customer loans grew by 24 percent to Sh290 billion, supported by increased lending to businesses and key sectors of the economy...

✨ Key Highlights

Stanbic Holdings announced a significant increase in its net profit for the first half of the year, reaching Sh6.6 billion. This growth was primarily fueled by robust lending expansion.

Net profit soared to Sh6.6 billion for the six months ended June 30.
The increase was driven by Stanbic Holdings, with key figures including Group Chief Executive Patrick Mweheire and Chief Executive Stanbic Bank Kenya and South Sudan Dr. Joshua Oigara.
Total assets grew by 27 percent to Sh602 billion, and customer loans rose by 24 percent to Sh290 billion.

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