[Source: Business Daily, by Victor Juma]
Standard Chartered Bank of Kenya reported a 31.2 percent net profit drop in the half year ended June on higher provisions for coronavirus-related defaults and reduced income from loans.
The bank’s earnings stood at Sh3.2 billion in the review period compared to Sh4.7 billion a year earlier.
The lender did not declare an interim dividend, joining others like KCB Group that also suspended payouts to conserve capital…
