Home Business StanChart Kenya Q1 2022 pretax profit up 16% By Reuters

StanChart Kenya Q1 2022 pretax profit up 16% By Reuters

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StanChart Kenya Q1 2022 pretax profit up 16%
© Reuters. FILE PHOTO: A man walks past a logo of the Standard Chartered Kenya bank in their main office in Nairobi, Kenya September 29, 2017. Picture taken September 29, 2017. REUTERS/Baz Ratner

NAIROBI (Reuters) – Standard Chartered (LON:) Bank Kenya posted a 16% rise in pretax profit to 3.93 billion shillings ($33.81 million)in the first quarter of this year, helped by rising interest income and a drop in loan impairments.

The lender, which is controlled by Standard Chartered Plc, said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.

($1 = 116.2500 Kenyan shillings)

https://uk.investing.com/news/stock-market-news/stanchart-kenya-q1-2022-pretax-profit-up-16-2651078

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