Standard Chartered Bank Kenya (SCBK.NR) posted a 16% rise in pretax profit to 3.93 billion shillings ($33.81 million)in the first quarter of this year, helped by rising interest income and a drop in loan impairments.
The lender, which is controlled by Standard Chartered Plc (STAN.L), said in a statement late on Tuesday its net interest income rose 7% to 4.92 billion shillings, while loan impairments fell 121% to 86 million shillings.
($1 = 116.2500 Kenyan shillings)