Standard Chartered Bank Kenya opted not to pay shareholders an interim dividend for the six months ended June despite recording a 10.9 percent jump in net profit to Sh5.41 billion, pointing to banking sector concerns about the economy due to external shocks that have raised inflationary pressure in the country.
The tier one lender paid the highest dividend per share of any bank in the year ended December 2021 at Sh19, which comprised an interim payout of Sh5 and a final dividend of Sh14 per share.
