Stanbic Holdings Plc has recorded a 35 per cent increase in half-year profits to KSh 3.5 Billion for the period ended 30th June 2021. This is compared to KSh 2.6 Billion over the first six months of 2020.
Loans to customers fell to KSh 207.6 Million in Q2, 2021 compared to KSh 235.1 Billion in Q2, 2020, while the lender’s balance sheet shrunk to KSh 329.5 Billion compared to KSh 361.5 Billion at the end of the first six months of last year.
Financial statements show that deposits from other banks and customers declined to KSh 259.9 Billion in Q2, 2021 compared to KSh 287 Billion in Q2, 2020.
Net Interest Income was, however, up to KSh 6.9 Billion from KSh 6.3 Billion over the period under review.
The lender’s profit before tax was up KSh 4.8 Billion at the end of Q2, 2021 compared to KSh 4.1 Billion in Q2, 2020.
Stanbic‘s profitability as measured by its Earnings per Share(EPS) increased to KSh 8.86 in Q2, 2021 compared to KSh 6.46 in Q2, 2020.
Directors of Stanbic Holdings have declared an interim dividend of KSh 1.70 per share to shareholders who will be on the register after book closure on September 6th, 2021. The lender will pay out dividends to shareholders on 27th September 2021.
SBIC closed its last trading day this Thursday, August 12, 2021, at KSh 86.00 at the Nairobi Securities Exchange (NSE). It began 2021 with a share price of KSh 85.00 and has appreciated by 1.18% on that price valuation, placing the lender in 26th position at the NSE in performance YTD.
Stanbic Holdings occupies the position of the 36th most traded stock at the Nairobi bourse between May 13th and August 12th this year.
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