Standard Chartered Bank Kenya has announced a half year net profit of Ksh. 4.466 billion. This is an increase from the Ksh. 3.466 billion they registered in the same period in 2017.
Income increased to Ksh. 14.633 billion as compared to Ksh. 13.452 billion in the previous period. Expenses on the other hand decreased to Ksh. 8.092 billion from Ksh. 8.475 billion. Loans to customers decreased to Ksh. 111.748 billion from Ksh. 113.040 billion in 2017. Investment in government securities and bonds however increased to Ksh. 116.136 billion from Ksh. 105.558 billion.
The board of directors have announce a Ksh. 5 interim dividend per ordinary share. They have also announced an interim dividend of 6% per annum on preference shares. Both dividends will be paid on 29th October 2018.
Standard Chartered Bank Kenya is a commercial bank in Kenya. It was established in 1911 with the first branch opened in Mombasa and is listed on the Nairobi Securities Exchange. The public shareholding is just over 25% (remainder held by Standard Chartered PLC), and comprises over 30,000 shareholders.