Standard Chartered Kenya

Standard Chartered Bank Kenya
Company typePublic
KN: SCBK
IndustryFinancial services
Founded1910 (1910)
HeadquartersNairobi, Kenya
Key people
Patrick Obath (chairperson),[1] Kariuki Ngari (chief executive officer)[2]
ProductsLoans, transaction accounts, savings, investments, debit cards
RevenueIncrease Aftertax: US$108.7 million (KES:9.26 billion) (2013)[3][4]
Total assetsUS$2.539 billion (KES:220.39 billion) (2013)
Number of employees
1,040+ (2011)
ParentStandard Chartered
Websitewww.sc.com/ke

Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited, but is sometimes referred to as Stanchart Kenya, is a commercial bank in Kenya. It is a subsidiary of the British multinational financial conglomerate headquartered in London, United Kingdom, known as Standard Chartered. Stanchart Kenya is one of the banks licensed by the Central Bank of Kenya, the central bank and national banking regulator, in the largest economy in the East African Community.[5]

Standard Chartered Kenya is a large financial services provider in Kenya. As of December 2013, the bank's total assets were valued at about US$2.539 billion (KES:220.39 billion), with shareholders' equity of about US$417.1 million (KES:36.2 billion).[6] At that time, Standard Chartered Kenya was the 4th largest bank, by assets, out of the 43 licensed banks in the country.[7]

  1. ^ Juma, Victor (1 November 2012). "Kiboro Exits StanChart for Top Role At Family Bank". Business Daily Africa (Nairobi). Retrieved 4 August 2014.
  2. ^ Juma, Victor (11 December 2013). "Etemesi Moves To StanChart South Africa As CEO". Business Daily Africa (Nairobi). Retrieved 4 August 2014.
  3. ^ Herbling, David (25 March 2014). "StanChart overtakes Barclays With 14.8% Growth In Earnings". Business Daily Africa (Nairobi). Retrieved 4 August 2014.
  4. ^ "StanChart Posts USh9.3 Billion Net Profit, Pulls Ahead of Cooperative Bank". Business Daily Africa (Nairobi). 25 March 2014. Retrieved 4 August 2014.
  5. ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya. Retrieved 5 August 2014.
  6. ^ "Standard Chartered Bank Kenya Limited Consolidated Full Year Financial Statements And Disclosures 31 December 2013" (PDF). Standard Chartered Bank Kenya Limited. Retrieved 5 August 2014.
  7. ^ "Kenya Bank Rankings By Assets 2013. As at 2015 the CEO is Mr. Caleb Mugendi". Bankelele.Co.Ke. 28 April 2014. Retrieved 5 August 2014.