{
  "id": 326989,
  "title": "Stanbic H1 net profit rises to Sh6.6bn on strong lending growth",
  "url": "https://urgent.news/2026/08/06/stanbic-h1-net-profit-rises-to-sh6-6bn-on-strong-lending-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T14:30:43.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/stanbic-h1-net-profit-rises-to-sh6-6bn-on-strong-lending-growth/"
  },
  "original_language": "en",
  "account": "Stanbic Holdings reported a net profit of Sh6.6 billion for the six months ending June 30, thanks to a surge in lending and customer deposits, even in a challenging operating environment. The bank's total assets grew by 27 percent to reach Sh602 billion, while customer deposits increased by 28 percent to Sh422 billion, indicating a rise in its customer base. Customer loans expanded by 24 percent to Sh290 billion, propelled by more lending to businesses and key sectors of the economy. Stanbic's Chief Executive, Joshua Oigara, attributed the strong results to the bank's disciplined strategy and focus on promoting economic growth. The bank's performance, Oigara said, demonstrated discipline and resilience that define the business. He emphasized that the company remained well-capitalized, deeply customer-centric, and committed to supporting Kenya's economic growth. Oigara also noted that prudent risk management and continuous investment in technology had enhanced customer experience while delivering value to shareholders. The bank kept a credit loss ratio of 0.5 percent, one of the best in the sector, and a non-performing loan (NPL) ratio of 7.73 percent, significantly lower than the industry average. Stanbic's Chief Financial and Value Officer, Dennis Musau, credited the performance to disciplined execution and improving economic conditions. Musau stated that the bank's half-year financial results reflect a balanced approach between revenue growth, cost optimization, and proactive risk management. He added that despite the dynamic operating environment, the bank's strategic investments, execution discipline, and robust risk management framework position it well to seize opportunities and deliver sustainable value for its stakeholders.",
  "summary": "Customer loans grew by 24 percent to Sh290 billion, supported by increased lending to businesses and key sectors of the economy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}