Stanbic raises dividend by 7.3pc to Sh22.35 - Capital Business
Connect with us

Hi, what are you looking for?

Banks

Stanbic raises dividend by 7.3pc to Sh22.35

The payout is up from Sh20.83 per share issued the previous year, as the lender maintained profitability despite declining interest rates during the period.

NAIROBI, Kenya, May 11 – Stanbic Holdings has raised its dividend by 7.3 percent to Sh22.35 per share after posting a net profit of Sh13.7 billion for the year ended December 31, 2025.

The payout is up from Sh20.83 per share issued the previous year, as the lender maintained profitability despite declining interest rates during the period.

Total assets grew 18.9 percent to Sh541.3 billion, while loans and advances to customers increased by 18.5 percent to Sh272.9 billion, reflecting rising private sector credit demand.

Customer deposits also rose 17.5 percent to Sh373.7 billion, signalling stronger market confidence in the bank.

Chairman Joseph Muganda said the lender adjusted to shifting economic conditions as inflation eased and interest rates declined.

The bank’s non-performing loan ratio improved to 8 percent, lower than the industry average, indicating stronger asset quality during the year.

Stanbic also expanded its wealth management business, with assets under management rising to Sh5.3 billion from Sh2.45 billion in the previous year.

Visited 160 times, 1 visit(s) today

More on Capital Business

World

In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in...

Kenya

NAIROBI, Kenya, May 31 – The government has committed Shh200 million over the next two years to the Rhino Ark Charitable Trust as part...

Kenya

NAIROBI, Kenya, May 20 – Sorted Wallet, a non-custodial digital wallet designed for feature phones and low-end smartphones, has secured $4.4 million in seed...

Banks

NAIROBI, Kenya, May 20 – KCB Group posted a pre-tax profit of Sh24.4 billion for the first quarter ended March 2026, marking a 15.3...

Banks

NAIROBI, Kenya, Nov 20 – NCBA Group posted a net profit of Sh6 billion in the first quarter of 2026, marking a nine percent...

Kenya

Fresh disclosures in the corporation’s latest audited financial statements show Posta’s operating revenue rose by 11 percent to Sh2.16 billion from Sh1.95 billion a...

Kenya

In a statement, the Estonian-headquartered company said the adjustment followed feedback from drivers struggling with increased expenses.

Banks

Net interest income rose by 12 percent to Sh7.6 billion, driven by increased lending, particularly in foreign currency loans to clients in the trade,...