Stanbic Holdings Plc, a member of the Standard Bank Group and a listed financial services provider, has announced its financial results for the year ending December 31, 2022. The firm reported an impressive KES 9.1 billion after-tax profit, marking a 26% growth from the previous year. This growth has been attributed to the strong revenue and balance sheet growth, which is a result of the strategic plan formulated and adopted three years ago by the company.
According to Stanbic Kenya and South Sudan’s Chief Executive, Joshua Oigara, the company’s strategic plan was founded on digital innovations for service delivery, enhanced consumer experience, and increased operating efficiencies, which have translated into accelerated growth in the balance sheet. Oigara also noted that despite the uncertain and challenging operating environment last year, the business delivered strong results, thanks to focused execution across their strategic plan.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
