Standard Chartered records Sh8 billion after-tax profitStandard Chartered Bank Kenya has posted Sh8.09 billion in after-tax profit for the year ended 2018 marking a 17.1 per cent increase from the Sh6.91 billion it recorded in 2017. Standard Chartered's income from investments in government securities grew to Sh12.45 billion from Sh11.33 billion in 2017. SEE ALSO :Standard Chartered Bank launches Sh83m mobile banking platformThe lender also increased its deposit placements with banking institutions to Sh650 million from Sh530 million in 2017. Loans and advances to customers recorded a small drop to close at Sh118.65 billion from Sh126.29 billion the previous year. Equally, the tier one bank assets decreased marginally by 0.1 per cent to Sh285.40 billion from Sh285.72 billion in 2017.

Source: Standard Digital March 22, 2019 08:48 UTC