Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG Kenya’s top seven banks listed on the Nairobi Securities Exchange (NSE) have set aside Sh31.7 billion in the half year ended June for an expected increase in bad loans as restrictions to combat Covid-19 raise the spectre of large-scale defaults. The provisions, which rose […]
Standard Chartered Bank Kenya has announced that it has reported a half year net profit of Ksh. 3.2 billion for the half year ending 30th June 2020. This is a reduction from the Ksh. 4.7 billion that the bank reported in the same period in 2019. Income from loans reduced to Ksh. 6.2 billion from […]
(Ecofin Agency) – In Kenya, the decline in the net margin for Standard Chartered Bank widened in the second quarter of 2020. While it was down only 16% in the first quarter, the Bank’s net profit contracted further and ended the first six months of the year down 31.9% to KSh3.2 billion ($29.5 million). It […]
CBK Governor Patrick Njoroge. FILE PHOTO | NMG Banks will have to get the approval of the Central Bank of Kenya (CBK) before declaring dividends for the current financial year, according to a new directive by the regulator that is focused on ensuring lenders have enough capital to ride out the Covid-19 pandemic. The CBK’s […]
Standard Chartered Bank Kenya shareholders during its 2017 Annual General Meeting at the Safari Park Hotel in Nairobi. PHOTO | DIANA NGILA | NMG Standard Chartered Bank of Kenya Tuesday issued an additional 34.3 million ordinary shares worth Sh5.3 billion on the Nairobi Securities Exchange, satisfying its bonus stock programme. The lender had announced the […]
The Standard chartered bank on Kenyatta avenue. Photo/Monicah Mwangi Standard Chartered Bank and Airtel Africa have entered a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. The initiative will see the two institutions will work together to co-create new; innovative products aimed […]
Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA : The Nairobi Securities Exchange has reviewed the constituent counters of its NSE 20 and 25 Share Index, with effect from April 3. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities […]
– Standard Chartered Bank has signed a deal that will see it finance clients who need to access water and energy solutions equipment from Davis & Shirtliff – Clients seeking to acquire equipment under the deal will get up to 25% discount on solar energy and water treatment facilities – Davis & Shirtliff has lined […]
Standard Chartered Bank Kenya CEO Kariuki Ngari Standard Chartered Bank Kenya (stanchart) has extended over Ksh 650 million in financing to companies that provide goods and services to help the fight against COVID-19 in Kenya. The funds have enabled a number of these companies to switch their production lines to making products that are in […]
The Standard chartered bank on Kenyatta avenue Standard Chartered Bank Kenya has extended over Sh650 million in financing to companies that provide goods and services to help the fight against COVID-19 in Kenya. The bank provided financing at preferential rates to support the clients with capital expenditure and working capital. This, it said, has assisted […]
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