Bloomberg News

Standard Chartered Kenya Pretax Rises as Loan Income Increases

March 13, 2012

Standard Chartered Bank Kenya Ltd. (SCBL), the East African nation’s fourth-biggest lender by market value, said full-year pretax profit increased 7 percent to 8.3 billion shillings ($101 million).

Net interest income, the amount banks earn from interest charges on loans, grew 21 percent to 10.1 billion shillings, the Nairobi-based bank said in an e-mailed statement today.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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