Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | DIANA NGILA | NMG Standard Chartered Bank Kenya has reported a 66.2 percent jump in net profit the full year to December 2021, helped by reduced costs and growth in non-interest income. The lender recorded Sh9.04 billion in profit after tax, the highest in five […]
KBA chief executive Habil Olaka /FILE Standard Chartered bank is Kenyans’ most preferred mobile banking under tier one according to Kenya Bankers Association (KBA) poll. In the poll released on Thursday, Family bank was named the best under tier two while the African Banking Corporation (ABC) Bank was named the best under tier three. Most […]
A pre-colonial era monument stands along Kenyatta Avenue in front the Standard Chartered Bank in Kenya’s capital Nairobi, file. . REUTERS/Noor Khamis/File Photo NAIROBI, March 14 (Reuters) – Standard Chartered Bank Kenya said on Monday its pretax profit soared 70% last year to a five-year high but surging energy prices because of Russia’s invasion of […]
Standard Chartered Bank Kenya (Stanchart) has partnered with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) to launch SC Shilingi funds. This is a low-ticket money markets fund proposition for Standard Chartered Bank clientele. The 100% digital investment product available on the SC Mobile app allows clients to investment amounts of […]
Today in B2B payments, SMBs are still struggling to get their customers to pay on time, and B2B marketplace Solv expands into Kenya. Plus, companies want more help buying and managing Software-as-a-Service (SaaS) applications. The average small and medium-sized business (SMB) receives 72 one-off or nonrecurring ad hoc payments — representing sales to buyers that […]
Kenya has the lowest saving and investing rate at 14 per cent among the top economies in East Africa with Tanzania at 36 per cent and Uganda at 22 per cent The country has seen three firms launch digital savings and investment platforms since the start of 2022, giving banks a run for their money […]
Standard Chartered Plc #ticker:SCBK is set to enter the local e-commerce business through Solv, an India-based technology firm in which it invested in December 2020. The multinational’s local subsidiary, Standard Chartered Bank Kenya, is expected to be the financial partner of the platform which offers small businesses an online marketplace, credit, and support services. “Expansion […]
Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
(From Left) Paul Njoki – Head of Wealth Management SCB, Edith Chumba – Head Consumer, Private and Business Banking SCB, Mark Mulatya – Chief Operating Officer at Sanlam Investments East Africa Limited and Gaurang Chavda – Head Unit Trust Distribution at Sanlam Investments East Africa Limited take a photo during the launch of the SC […]
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.