Stanbic Bank Kenya has announced a profit of KSh 1.5 billion for the first quarter of 2020. The earnings were a result of increased customer deposits and a growing loan book.
Stanbic Bank’s flagship women’s proposition DADA has today announced a partnership with the Rotary District 9212 that will see the bank invest in 700 sanitation stations in different parts of the country.
In response to the call from to the Ministry of Health and the wider Government of Kenya to mobilize resources to combat the Coronavirus pandemic, Stanbic Bank Kenya in partnership with Base Titanium, Centum, Gulf Power, Valar Frontier and africapractice, have committed to acquire and donate a total of one hundred and ninety-two (192) ventilators worth one hundred and thirty-four Million Kenya Shillings (Ksh134 Million).
Nairobi, March 29, 2020: Stanbic Bank Kenya has today announced a loan holiday for SMEs and its personal banking customers to cushion them against the economic disruptions caused by the Coronavirus disease (COVID-19). The loan holiday will be effective 1st of April 2020.
Kenya's private sector economy suffered another difficult month midway through the first quarter of 2020, with February PMI data signalling a second successive drop in business activity and the first fall in new orders for over two years.
Stanbic Holdings Plc weathered a challenging operating environment last year to post a KSh6.4 billion profit after tax (PAT) according to its just released 2019 full year financial results.