Kenya: Stanchart Posts Rise in Q1 Pre-Tax Profit to Sh3.6 Billion

Nairobi — Standard Chartered Bank has posted a 31 percent increase in its pre-tax profit for the period ended March 31, 2014 to stand at Sh3.6 billion compared to Sh2.7 billion recorded over the same period previously.

Total income went up 14 percent to Sh6.2 billion with loans and advances up by nine percent to Sh127.6 billion from Sh117.3 billion recorded in 2013.

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