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 […]
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 […]
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 […]
Standard Chartered Bank Kenya shareholders during a past AGM. FILE PHOTO | NMG Standard Chartered Kenya #ticker:SCBK shareholders will enjoy a total return of 14.5 percent following the review of dividend for the year ending December 2019 to a bonus share issue and reduced cash payout. The lender last week said it will ask shareholders […]
Standard Chartered ATM lobby in Nairobi. The lender is pushing customers to embrace digital banking. FILE PHOTO | NMG Standard Chartered Bank Kenya #ticker:SCBK will shut down its T-Mall branch along Lang’ata Road in Nairobi in September as it continues to push customers to embrace digital banking. In a notice to customers, StanChart said it […]
Standard Chartered Bank signs emergency medical rescue partnership with AMREF Flying Doctors Image: COURTESY Standard Chartered Bank Kenya has partnered with AMREF Flying Doctors, to offer emergency medical evacuation service to Bank’s clients at preferential rate using a customized client system. “This partnership is one of the bank’s many initiatives to aid our clients and […]
Equity Group Holdings (EGH) Ltd has taken over more than $20 million worth of loans owed by the loss making East African Cables Ltd in a major debt restructuring plan aimed at returning the manufacturer to a strong financial footing. The restructuring will result in the refinancing of East African Cables existing debt over a […]
A display of listed equities at the NSE Photo taken on August 1,2019. PHOTO | CITIZEN DIGITAL The stocks of Safaricom and the East African Breweries Limited (EABL) have led the rebound witnessed at the Nairobi Securities Exchange (NSE) from the COVID-19 shocks registered earlier this year. This is as local investors fill in the […]
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