Abacus Wealth Management

Chase Bank reports 58% profit increase

Source: chasebankkenya.co.ke

Chase Bank, a privately-owned winner of the Special Award for Product Innovation, 2nd Runner up- Best Bank in Product Innovation, 3rd Runner up- Best Bank in SME at the 2011 Annual Banking Awards has announced its results for the year 2011. The company has reported a gain on profit after tax of 58%, up from Kshs. 381 million in 2010 to Kshs. 602 million in 2011. The company’s overall balance sheet increased 62% from Kshs. 21.86 billion to Kshs. 36.51 billion in 2011.

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