Standard Chartered Bank Kenya has risen to become the fifth most valuable bank amid rapid changes in the ranking of the country’s listed lenders.
Its share price gained 1.1 percent to close at Sh152.75 on Friday, giving it a market value of Sh57.7 billion and lifting it close to Absa Bank Kenya which is ranked fourth with a market capitalisation of Sh58.3 billion. StanChart was previously sixth among the Nairobi Securities Exchange-listed banks.
