Kenyan Wall Street | by Miriam Wangui
Stanbic Holdings Plc net profit for the year that ended on December 31, 2020 dropped by 19% to KSh5.2 billion from KSh6.4 billion at the end of 2019. The firm’s total income, comprised of interest and non-interest income, decreased by KSh1.5 billion at the end of 2020, to KSh23.2 billion from KSh24.8 billion in the same period in 2019.
Even with the decline in the lender’s net profit, Stanbic’s directors’ compensation went up to KSh58.7 million from KSh51.5 million a year earlier, a 14% increase…
