Stanbic Bank Kenya (NSE: $SBIC) has announced the appointment of Abraham Ongenge as the bank’s Acting Chief Executive Officer, effective March 1, 2026, pending regulatory approval.
This follows the appointment of bank’s CEO, Dr. Joshua Oigara, as Regional Chief Executive for East Africa in September 2025.
Mr. Ongenge, who currently serves as Head of Personal and Private Banking at Stanbic Bank Kenya, brings extensive experience to the role, having built a successful career within the Standard Bank Group.
He has held key positions across Kenya, South Africa and Uganda, demonstrating his adaptability and proficiency in diverse environments. The commencement of his tenure in an acting capacity comes as banks release their FY2025 financial results.
Follow our WhatsApp channel here, our Telegram channel here, and our X page here., and our LinkedIn page here.
Stanbic Bank Kenya FY2025 Performance
For the year ended December 31, 2025, Stanbic Bank Kenya’s net income grew by a paltry 0.02% to KES 13.715 billion, despite a 3.1% decline in operating income to KES 38.5 billion. The banks total assets rose sharply by 19% to KES 541.3 billion, while shareholders’ funds increased by 6.3% to KES 80.1 billion. Customer deposits grew 23.5% to KES 418.6 billion from KES 339.0 billion in FY2024.
Stanbic’s Board of Directors declared a final dividend of KES 18.55 per share, which combined with an interim payout of KES 3.0, brings the total dividend for the year to KES 22.35 per share, up 7.8% year-on-year.
