CfC Stanbic Bank has reported a pretax profit of KES 1.86 billion for the six months to June 30th 2012 up from KES 1.40 billion the same period last year. This represented a 32.9% jump in pretax profit for the first half of the year.

The bank which has a market capitalization of about KES 11.7 billion, reported a jump in full year profit after tax to KES 1.8 billion for the year ended 31^st December 2011 from KES 1.7 billion the previous year. Total operating income for the period amounted to KES 6.53 billion shillings with bank paying KES 2.6 billion as interest on customer deposits up from KES 0.5 billion the same period last year.

The bank issued loans and advances to customers amounting to KES 65.3 billion for the 6 months up to June 30th down from KES 68.2 billion the same period in 2011. The bank earned interest on loans and advances of KES 5.5 billion for the period under review. Earnings per share also jumped to KES 10.52 up from KES 6.89 shillings during the same period in 2011.

The holding company CFC Stanbic Holdings Limited posted a pretax profit of KES 1.78 billion for the period up from KES 1.30 billion the same period last year. The company did not make disclosures for the jump in profits over the period.