Standard Chartered Bank Kenya earned Sh1.29 billion in revenues last year from corporate and investment banking (CIB) sustainable finance business, a ten-fold growth, highlighting the increasingly important income earner for local banks.
Sustainable finance revenue, according to the company, is income earned from “green, social, and sustainable” lending activity and from corporate clients that generate over 90 percent of their own revenues from activities and products considered “green and sustainable.”
