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Driven by growth in non-interest income and lower operating expenses, Standard Chartered Bank Kenya announced that it recorded a net profit of Sh2.39 billion for the year ended March 2021. stood at 18.9%. low credit impairment charges and operating cost efficiency.
Regarding net interest income, it fell by 2.8% to 4.59 billion shillings, while the loan portfolio decreased by 3%. For its part, non-interest income rose 11% to 2.48 billion shillings to compensate for the reduction in net interest income.
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