Stanbic Bank Kenya’s net profit drops on bad loans load

PUBLISHED: Tue, 15 Aug 2017 14:21:21 GMT


A rise in provision for bad loans have seen Stanbic Bank Kenya post reduced net earnings for the half-year period ending June. Still in the banking sector, Barclays Bank of Kenya has reported a 13 per cent drop in half-year net profit.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.