Covid-19 pandemic has seen the world confront its biggest health crisis this century, posing one of the most disruptive periods to businesses, forcing banks to empathise with clients’ lost livelihoods and businesses by easing off on loan payment demands Top East African banks increased provisions for bad debts by over $736 million last year (2020) […]
Banks have now enlisted their lobby, the Kenya Bankers Association (KBA) to push the sector regulator to approve the loan pricing models that are supposed to guide them in lending following the removal of rate cap. The Central Bank of Kenya (CBK) had asked banks to submit new loan pricing formulas that would be the […]
Kenyatta Avenue Standard Chartered Branch in Nairobi. FILE PHOTO | NMG Staff costs at Standard Chartered Bank Kenya rose by Sh541 million in the year ended December, partly reflecting the impact of one-off costs relating to retrenchment 200 employees in the review period. StanChart’s results for the period shows that its payroll costs increased to […]
Standard chartered Bank Kenya’s #ticker:SCBK expenditure on rent has fallen to more than a decade low, supported by trimming of branch count as more customers switch to digital services. The lender’s latest disclosures show that annual rental charges fell by 30 per cent from Sh308.22 million in 2019 to Sh216.64 million last year—the lowest in […]
Co-operative Bank of Kenya #ticker:COOP reclaimed its position as the country’s third-largest lender by assets in the year ended December when it also declared the biggest dividend payout in the industry of Sh5.8 billion. The lender closed the period with total Sh536.9 billion assets, placing it third after Equity Group’s #ticker:EQTY Sh1 trillion and KCB […]
East Africa banks have been advised to maintain adequate capital buffers to remain resilient through the coronavirus pandemic. PHOTO | SHUTTERSTOCK Banks in the region are faced with a delicate balancing act of paying dividends to shareholders and preserving capital to withstand the economic shocks occasioned by the Covid-19 pandemic. Regional central banks have advised […]
Banks in the region are faced with a delicate balancing act of paying dividends to shareholders and preserving capital to withstand the economic shocks occasioned by the Covid-19 pandemic. Regional central banks have advised lenders to maintain adequate capital buffers to remain resilient through the coronavirus crisis. The Kenya Bankers Association (KBA) said banks are […]
Standard Chartered Bank Kenya shareholders on the Company’s Register of Members as of 27th April 2022 to receive a Final Dividend Payment of KES 14.00 per share.
Standard Chartered Bank Kenya shareholders to receive an interim Dividend Payment of KES 6.0 per share on 28th December 2023. This only applies to shareholders on the Company’s Register of Members as of 14th December 2023.
Standard Chartered Bank Kenya (SCBK) will hold its Annual General Meeting on 27th May 2021.
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