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Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income

Dr. Joshua Oigara- Stanbic Kenya Chief Executive

Stanbic Bank Kenya, a subsidiary of Stanbic Holdings Plc, reported a 16.6% decline in net profit for the first quarter ended March 2025, largely attributed to a sharp drop in…

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Tagged: Banking customer deposits decline Government Securities income interest Nairobi Securities Exchange profit Stanbic Bank Kenya Stanbic Holdings Plc Sterling Capital
About the Author

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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