Standard Chartered Bank Kenya grew its assets under management by 13 percent to Sh148 billion in 2022, helped by rising demand by Kenyans for alternative investments such as fixed income and mutual funds offered on the platform.
The bank earned Sh4.26 billion from the wealth unit during the year, up by 35 percent from Sh3.16 billion in 2021, highlighting the growing importance of the segment towards its non-funded income, which was up 19.6 percent growth to Sh11.3 billion.
