T
Originally published by The Standard Business
📰 Read Full Article
August 19, 2026
3h ago

Equity Group halfyear net profit surges to Sh43.8b as StanChart's slides by 17pc

Equity Group halfyear net profit surges to Sh43.8b as StanChart's slides by 17pc

Equity Group Holdings’ first-half net profit rose by 32 per cent to a record Sh43.80 billion, while Standard Chartered Bank Kenya’s profit fell by 16.8 per cent as lower lending margins hurt earnings..

✨ Key Highlights

Equity Group Holdings has announced a significant surge in its first-half net profit, reaching a record Sh43.80 billion, a 32 per cent increase. This contrasts sharply with Standard Chartered Bank Kenya, which experienced a 16.8 per cent decline in its profit for the same period.

  • Equity Group Holdings recorded a 32 per cent increase in net profit, reaching Sh43.80 billion.
  • Standard Chartered Bank Kenya saw its profit fall by 16.8 per cent.
  • The mixed performance in Kenya's banking sector is attributed to factors such as lower lending margins.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement

Related News

Advertisement