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July 29, 2015 12:14 PM ET

Banks

Company Overview of CFC Stanbic Bank Limited

Company Overview

CfC Stanbic Bank Limited provides various banking products and services in Kenya. It operates in two segments: Personal and Business Banking; and Corporate and Investment Banking. The company’s deposit products include PureSave, savings, current, and trader business accounts; and fixed and call deposits. Its lending activities comprise home, personal unsecured, vacant land, term, and SME loans, as well as vehicle and asset finance, overdrafts, invoice discounting, and revolving credit. The company also offers financing services, such as project finance, leveraged and acquisition finance, and structured trade and commodity finance, as well as for debt primary markets and securitization, equit...

CfC Stanbic Centre

Chiromo Road

Westlands

Nairobi,  

Kenya

982 Employees

Phone:

254 20 3268 000

Fax:

254 20 310601

Key Executives for CFC Stanbic Bank Limited

Chief Executive and Executive Director
Age: 58
Chief Financial Officer
Head of Operations
Managing Director, Chief Executive of CIC Stanbic Holdings Limited and Executive Director
Age: 56
Head of Risk
Compensation as of Fiscal Year 2015.

CFC Stanbic Bank Limited Key Developments

CFC Stanbic Bank Limited expected to report First-Half, 2015 results on July 29, 2015. This event was calculated by Capital IQ (Created on July 23, 2015).

CFC Stanbic Bank Limited expected to report First-Half, 2015 results on July 29, 2015. This event was calculated by Capital IQ (Created on July 23, 2015).

CFC Stanbic Bank Limited Announces Earnings Results for the First Quarter Ended March 31, 2015

CFC Stanbic Bank Limited announced earnings results for the first quarter ended March 31, 2015. The company recorded an after tax profit of KES 1.154 billion period ending March 31, 2015. This marked a 28% drop in profits compared to first quarter of 2014 which stood at KES 1.610 billion. The drop was mainly due to a decline in fee and foreign exchange revenues from the South Sudan branch. The current political impasse, which manifested in December 2013, coupled with the drop in global oil prices has hampered economic activity in the country. However, the Kenya banking business continued to record improved performance in the three month period ended March 2015 as compared to the three month period ended March 2014.

CfC Stanbic Announces Earnings Results for the First Half of 2013

CfC Stanbic announced earnings results for the first half of 2013. CfC Stanbic has so far posted the higher growth in first half profitability in the banking industry recording an 82% rise in its earning after tax. The bank's net profit jumped to KES 2.2 billion, up from KES 1.2 billion, helped by an almost KES 1 billion growth in non-interest revenues including foreign exchange transactions. CfC Stanbic recorded a 16.1% growth in net interest income to KES 3.6 billion from KES 3.1 billion despite registering close to a KES 20 billion drop in loans and advances. The bank reported that the earning were also boosted by a KES 197 million profit from its South Sudan subsidiary while the equity brokerage arm made KES 77 million.

Similar Private Companies By Industry

Company Name Region
Habib Bank AG Zurich, Kenya Branch Middle East/Africa
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Guardian Bank Limited Middle East/Africa
The Kenya Post Office Savings Bank Middle East/Africa
CFC Stanbic Bank Limited Middle East/Africa

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To contact CFC Stanbic Bank Limited, please visit www.stanbicbank.co.ke. Company data is provided by Capital IQ. Please use this form to report any data issues.

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