StanChart loans to sister banks rise to Sh83bn

Standard Chartered Bank of Kenya last year spent Sh205.63 million on redundancies.

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Standard Chartered Bank Kenya raised its net lending to its affiliates in foreign markets by 31.6 percent to Sh83.4 billion in the year ended December, expanding its holding of the facilities which are mostly denominated in US dollars.

The bank’s net exposure to other businesses owned by its London-based parent firm Standard Chartered Plc stood at Sh63.3 billion a year earlier.

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