StanChart Kenya Half-Year Profit Drops On Forex Income Blowout

Standard Chartered Bank Kenya Ltd.’s first-half profit declined by a fifth after income from foreign-exchange trading plunged and from loans dipped.

Net income during the period declined to 8.09 billion shillings ($62.6 million) from 10.3 billion shillings a year earlier, according to a statement emailed by the Nairobi Securities Exchange on Wednesday.