Business Daily·3 min read·medium
Stanbic cuts interim dividend in race for capital to lift growth
G
George Ngigi
✦AI Summary
Stanbic Holdings Plc has significantly reduced its interim dividend to retain capital for balance sheet growth and loan book expansion. Despite a slight increase in profit, the bank is prioritizing capital adequacy ratios amid a challenging interest rate environment.
Stanbic Holdings Plc has cut its interim dividend payout by more than half despite its profit remaining flat as it seeks to boost capital and support growth.
businesseconomy
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