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
Equity Group profit surged 32% to Sh43.8b; Standard Chartered Kenya's fell 17% on margin compression. East Africa fintech margin squeeze signals platform consolidation pressure and cloud infrastructure cost-optimization urgency for banking IT leaders.
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, showing mixed performance across Kenya’s banking sector.
Premium Article
Get Full Access for Ksh299/Week.
Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading →
Equity Group half-year profit rose 32% to KSh45.5 billion, US$351 million, as units outside Kenya passed half of group deposits…
Stan Chart’s first quarter profit decline contrasts to other tier I peers who managed to post higher profits, largely from…
Equity’s regional expansion paid off, becoming the primary engine of earnings.
Stanbic Holdings posted a marginal rise in half-year profit to Sh6.61 billion but cut its interim dividend by more than half…
KCB half-year profit rose 20.8% to KSh49.3 billion before tax, with regional banks outside Kenya contributing 27.7% of group…
Co-op Bancassurance Intermediary’s pre-tax profit rose to Sh812.7 million from Sh790.8 million, supported by increased insurance…
