CFC Stanbic Bank Kenya Holdings Half Year pretax profit down 34% to 2.87 Billion

CFC Stanbic Holdings on Tuesday said its Half Year pretax profit for 2015 was down by 34 percent to 2.87 billion shillings ($28.36 million) attributed to slowing income.

The CFC Stanbic Bank which is controlled by South Africa's Standard Group, said total income fell to 7.73 billion shillings from 9.28 billion shillings, with net interest income up slightly to 4.39 billion shillings from 4.3 billion shillings.

CFC Stanbic, which operates CFC Stanbic Bank and a financial services firm, said earnings per share fell to 4.96 shillings from 8.49 shillings in the same period a year ago.

However,the board reccomended  an interim dividend of Kenya shillings seventy five cents (0.75) for each ordinary share of Kenya shillings five (5) on the issued and paid up share capital of the company.(Interim Dividend)