Standard Chartered Bank of Kenya Archives

AFDB Approves $50 Million Trade Finance Risk With Standard Chartered Bank

Corporate News

The African Development Bank Group (AfDB) board has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility with Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, in line with implementation aspirations of the African …

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StanChart Posts a 50% Rise in Profits to Kes 4.8 Billion in 1H2021

Earnings Update

Standard Chartered Bank Kenya(StanChart) has reported a 50.9 % growth in net profit in the half-year period ended 30th June 2021. The performance was attributed to lower operating expenses reported in the group and higher non-interest income. The lender reported net earnings of Kes 4.8 billion in the half-year period compared to Kes 3.2 billion …

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Standard Chartered Bank Appoints Two new Members to the Board

Corporate News

Standard Chartered Bank Kenya has appointed technology and innovation expert Nivedita Sharma and banking professional Birju Sanghrajka, to replace Engineer Patrick Obath and Ian Bryden who recently left the board Birju Sanghrajka takes up the role of executive director of Standard Chartered Bank Kenya Limited. He has been with the bank for the past 22 …

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Standard Chartered Records a 19% Growth in Net Profit in Q12021

Earnings Update

Standard Chartered Bank Kenya has reported a 19% growth in net profit in the first three months to March 31 2021. The lender posted an improvement in net profit of Kes 2.39 billion at the end of March 2021, compared to a net profit of Kes 2.01 billion posted during the same period in 2020. …

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Standard Chartered’s Profit Falls 34% as Loan Loss Provisions Soar.

Earnings Update

Standard Chartered Bank Kenya has posted a 34% decline in its full-year net profit for the year that ended on 31st December 2020. The bank’s net profit dropped to KSh 5.44 billion at the end of 2020 from KSh8.24 billion in 2019 as revenue fell and loan loss provisions shot up. “We delivered a resilient …

Standard Chartered’s Profit Falls 34% as Loan Loss Provisions Soar. Read More »

Banks Pre-tax Earnings Decline by 28.2%; Lowest Since 2012

Corporate News

Banks have posted the lowest 11-month pre-tax earnings for the banking sector since 2012. The low profits were attributed to the massive disruption of Covid-19 to the industry recording high profits. A report by The Central Bank of Kenya (CBK) shows that the pre-tax earnings in the period ended November 2020 declined by 28.2% to …

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StanChart Posts 31 Percent Decline in Profits for 3Q2020

Earnings Update

The profit dip has however trimmed the bank’s earnings per share to Kes.11.13 from Kes.16.15 last year.

Standard Chartered Defer Dividend Payment on Inability To Hold It’s AGM

Corporate News

Standard Chartered Ban had issued a dividend notice of Kes 15.00 per share and was due for payments on the 28th May,2020

Stanchart Records Pre-Tax Profit of Kes 12.2 Billion, Dividend Up 5%

Earnings Update / Leave a Comment

The Bank’s Chief Executive said it was too early to assess the impact of the coronavirus epidemic on its business. StanChart Kenya said that if the crisis extends beyond 90 days, its negative impact on its business could become significant.

Standard Chartered Bank of Kenya

AFDB Approves $50 Million Trade Finance Risk With Standard Chartered Bank

StanChart Posts a 50% Rise in Profits to Kes 4.8 Billion in 1H2021

Standard Chartered Bank Appoints Two new Members to the Board

Standard Chartered Records a 19% Growth in Net Profit in Q12021

Standard Chartered’s Profit Falls 34% as Loan Loss Provisions Soar.

Banks Pre-tax Earnings Decline by 28.2%; Lowest Since 2012

StanChart Posts 31 Percent Decline in Profits for 3Q2020

Standard Chartered Defer Dividend Payment on Inability To Hold It’s AGM

Stanchart Records Pre-Tax Profit of Kes 12.2 Billion, Dividend Up 5%

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