Thursday, August 9, 2012

Stanchart Kenya's H1 pretax profit surges 87 pct

NAIROBI (Reuters) - Standard Chartered Bank of Kenya nearly doubled its pretax profit for the first-half to 6.5 billion shillingsafter its net interest income rose and as it emerged from the previous period's toxic bonds trading position.

The bank, controlled by Standard Chartered Plc, said its net interest income rose to 7.32 billion shillings from 4.52 billion shillings previously, sending its pretax earnings higher by 87 percent.

Source: http://news.yahoo.com/stanchart-kenyas-h1-pretax-profit-surges-87-pct-124738087--finance.html

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