March 19, 2020 / 5:36 AM / 12 days ago

Stanchart Kenya's pretax profit rises 3% in 2019

NAIROBI, March 19 (Reuters) - Standard Chartered Bank of Kenya posted a pretax profit increase of 3% in 2019 to 12.2 billion shillings ($117 million), it said on Thursday, as a focus on keeping a lid on bad loans restrained revenue growth.

The lender, which is the fourth largest by assets in the East African nation, said its earnings per share edged up 2% to 23.49 shillings.

$1 = 104.1500 Kenyan shillings Reporting by Duncan Miriri; Editing by Tom Hogue

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