NAIROBI: Standard Chartered Bank of Kenya posted a 40 percent jump in its pretax profit for 2012 to 11.6 billion shillings ($135.91 million), as interest income rose.
Most Kenyan banks have reported strong profits for 2012, driven by increasing numbers of new customers opening bank accounts as well as growing trade in east Africa.
The bank, which is controlled by Standard Chartered Plc , said on Thursday net interest income rose 41 percent to 14.2 billion shillings while loans and advances increased 17 percent to 112.7 billion shillings.
Non-performing loans rose to 2.2 billion shillings from 1.0 billion shillings.
"The quality of the asset book remains good and is well diversified and conservatively positioned," the bank said in a statement.
Dividend per share rose to 12.5 shillings from 11.00 shillings in the previous period.
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