Abraham Ongenge, Chief Financial Officer Stanbic Bank Kenya. [Wilberforce Okwri, Standard]Stanbic Holdings has posted a Sh5.2 billion profit after tax for the period ending December 2020, a 19 per cent decline from the Sh6.38 billion reported in 2019. “In uplifting our clients financially, we issued repayment holidays and moratoriums to 7,203 clients,” said Stanbic Chief Financial Officer Abraham Ongeng. However, customer deposits increased by 12 per cent while customer loans and advances grew by four per cent. Supported clients“Despite a challenging operating environment, I am proud that Stanbic stood shoulder to shoulder with our clients and the Kenyan community when it really mattered most,” said Stanbic Bank Kenya Chief Executive Charles Mudiwa.

Source: Standard Digital March 05, 2021 20:40 UTC