Standard Chartered Kenya Reports profit before tax of KShs 9.6 billion
By Dickson Odhiambo
August 20,2026
Standard Chartered Kenya Reports profit before tax of KShs 9.6 billion
Standard Chartered Bank Kenya Limited has released its
results for the period ended 30 June 2026.
Birju Sanghrajka, Managing Director and Chief Executive
Officer, said the Bank delivered a profit before tax of KShs 9.6 billion.
He says their capital remains strong and the directors are
pleased to announce an interim dividend of KShs 8.50 for every ordinary share
of KShs 5.00 to be paid to shareholders on the register at the close of
business on 10 September 2026 and will be paid on or about 24 September 2026.
He says the assets under management grew by 13 per cent to
KShs 343 billion compared with December 2025, reflecting continued progress in
our strategy to grow, manage and protect client wealth.
“This performance demonstrates the strength of our client
franchise, differentiated cross border network and market-leading wealth
capabilities, as we continue to support clients in achieving their financial
objectives and deliver sustainable growth,” he says.
The following are the summary financial performance -
Operating income decreased 9 per cent year-on-year: o Net interest income
decreased 20 per cent to KShs 12.3 billion.
“We saw a benefit from volume growth which was more than
offset by rate and margin headwinds. o Non-interest income increased 16 per
cent driven by strong performance in Wealth Solutions, and higher transaction
volumes in foreign exchange,” he further adds.
He further adds that the Operating expenses were broadly
flat year-on-year, on account of cost management and a continued focus on
efficiency. - Impairment losses on loans and advances decreased 57 per cent to
KShs 508 million.
“Our overall credit quality has remained resilient. The
balance sheet remained strong, growing by 15 per cent from December 2025,
driven by strong momentum in client assets and deposits. - Net loans and advances
to customers increased 10 per cent to KShs 169 billion, driven by growth in
Transaction Banking and Wealth Solutions. - The quality of our client assets
continued to improve, with the non-performing loan ratio improving by 40bps to
5.0 per cent. - Customer deposits increased 9 per cent to KShs 309 billion,
driven by growth in corporate deposits. Funding quality remains high and
stable, with current and savings accounts accounting for 95 per cent of total
customer deposits. - The liquidity ratio remained strong at 67.3 per cent,
above the 20 per cent regulatory threshold. LCR and NSFR stood at 558 per cent
and 170 per cent, respectively, against the 100 per cent minimum. - Total
capital ratio stood at 18.2 per cent, above the the 14.5 per cent regulatory
minimum, reflecting the Bank’s robust capital position and balance sheet
resilience,” he adds.
The Chief Executive Officer says the Kenyan economic environment remains stable,
supported by low inflation, a stable currency and lower interest rates.
“However, we remain alert to the increasing complexity and
uncertainty in the global macroeconomic environment, including on-going
tensions in the Middle East, which continue to contribute to volatility in
energy markets, trade flows and broader investor sentiment, as well as the pace
of technological change. Our focus is on staying close to our clients, adapting
quickly and continuing to execute against the opportunities where our
capabilities give us a clear advantage. We remain confident in our strategy and
the resilience of our people as we continue to support our clients,” he
concludes.
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