The Group profit after tax for the year ended 31st December 2016 was Kshs 4.4 billion.
The Kenyan private sector growth improved slightly in the month of January, underpinned by a sharp expansion in new work which was supported by a steep increase in new export orders, according to the Purchasing Managers’ Index survey released by Stanbic Bank and HIS Markit.
Kenyan private sector firms reported a solid improvement in business conditions during the month of November, after having seen growth ease to a four-month low at the start of the fourth quarter, according to the Purchasing Managers’ Index survey released by Stanbic Bank and HIS Markit.
CfC Stanbic Bank, a member of Standard Bank Group, will now be known as Stanbic Bank in Kenya following the completion of a rebranding process which began early this year. CfC Stanbic Holdings Limited will also become Stanbic Holdings Plc, according to a statement from the bank released Monday.
SBG Securities, a wholly owned subsidiary of Stanbic Holdings Plc, has been named the Best Securities Brokerage firm in Kenya at the 2016 Think Business Investment Awards. The company has also won the IPO award of the Year, in its role as the lead sponsoring broker and lead placement agent for the first I-REIT Listing at the Nairobi Securities Exchange - the Stanlib Fahari I-REIT.
Kenya’s private sector eases to four-month low in October, according to the latest Stanbic Bank Purchasing Managers’ Index™ (PMI™) data released today.