Kenya: Bad Debts See Stanchart Profit Dip 35 Percent

20 August 2015

Standard Chartered Bank has suffered a 35 per cent decline in net profit in the first half of this year as it remained under the weight of bad debts brought forward from 2014.

Profit after tax stood at Sh3.9 billion in the first six months of 2015, representing a 35 per cent drop from Sh6.1 billion in a similar period in 2014.

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