Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | NMG Standard Chartered Bank Kenya will lock out borrowers with multiple digital loans from its mobile lending app that will be unveiled in the coming days. StanChart chief executive Kariuki Ngari said the lender would not “overburden” borrowers with additional credit, citing elevated default rates […]
StanChart Kenya CEO Kariuki Ngari. PHOTO | DIANA NGILA Standard Chartered Bank Kenya plans to give customers the option of applying for personal loans remotely through its imminent entry into the mobile lending segment, chief executive Kariuki Ngari has said. This will be in addition to offering low-value mobile credit through the planned roll out […]
Ms Kellen Kariuki is the new chairperson of the board of Standard Chartered Bank Kenya, a listed financial institution at the Nairobi Securities Exchange (NSE). She is second woman to hold that position after Ms Anne Mutahi, a small and medium enterprises advisor. Ms Kariuki, currently the managing director of Feruzi Holdings Limited, succeeds Mr […]
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) […]
Customers wait to be served at a banking hall. FILE PHOTO | NMG Banks’ balance sheets look unfamiliar as lenders count the cost of setting aside large sums of money to absorb shocks of loan defaults. According to a report, Kenya and Ghana are the countries where banks look to have done precautionary provisioning as […]
The shilling Wednesday strengthened to a five-month high against the US dollar, with traders linking this to flower remittances and muted foreign currency demand on reduced dividend repartition. It closed the day averaging 108.25 units against the dollar compared with 108.60 units at the close of trading on Tuesday, marking the 10th straight day of […]
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 […]
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.