StanChart profit hits record Sh12.4 billion

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

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Standard Chartered Bank Kenya’s net profit for the year ended December 2022 grew by 38 percent to Sh12.44 billion, driven by higher interest income and revenue from foreign exchange trading.

The tier one lender said Tuesday that it will be paying its shareholders a final dividend of Sh16 per share following the improved financial performance—taking its total dividend payout for the year to Sh22 per share (2021: Sh19) when the Sh6 per unit interim dividend paid out in December is factored in.

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