07-08-2025
Stanbic of Kenya Doubles Interim Dividend Despite Profit Drop
Stanbic Holdings Plc more that doubled its interim dividend payout, citing an improved growth outlook, even after the Kenyan lender reported profit declined in the six months through June.
The unit of Standard Bank Group Ltd. will pay a dividend of 3.8 shillings ($0.03) per share, compared with 1.84 shillings a year ago. Net income fell 9% to 6.54 billion shillings, after earnings from loans decreased because of lower lending rates, the Nairobi-based lender said in a statement.
