(Last Updated On: August 11, 2014)
CFC Stanbic Holdings massive profits run continues after they posted a 33.68% rise in profits before tax. This is a figure of around ksh4.326 billion. The bank’s earnings per share (EPS) is on steroids after it rose by 52.42% to ksh8.49 from ksh5.57.
The income was mainly boosted by interest income which rose from ksh3.6 billion to ksh4.3 billion. The company declared an interim dividend of 0.95 which is up 50.78 percent. The firm is planning to be the 3rd largest lender in Kenya, a position currently held by Co-operative Bank.