Kenya: High Interests Drive Up Stanchart, Co-Op Profits

16 November 2012

STANDARD Chartered yesterday said profits before tax for the period ended ended September 30 rose 70 per cent to Sh9.2 billion up from Sh5.4 billion lat year.

The bank said net profits rose to Sh6.4 billion, up from Sh3.8 billion, rising by 68.4 billion driven by a high interest rate environment.

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