Kenyan Wall Street | by Miriam Wangui
Standard Chartered Bank Kenya has issued a profit warning saying that “its current performance forecast indicates a substantial decline in the profit after tax for the year ending 31st December 2020 compared to the prior year.”
StanChart is the latest Kenyan lender to sound a profit alert after KCB Group, I&M Holdings, and HF Group. Other banks like Diamond Trust Bank and Equity bank have reported significant decline in their latest financial results.
The bank reported a 30% decline in…
