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Originally published by The Standard Business
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September 16, 2025
2h ago

StanChart Kenya warns profit fall due to Sh7b pension payment

StanChart Kenya warns profit fall due to Sh7b pension payment

Tier one lender, Standard Chartered Bank Kenya Ltd, has projected at least a 25 per cent fall on its 2025 full-year net profit...

✨ Key Highlights

Standard Chartered Bank Kenya Ltd has issued a profit warning, projecting at least a 25% fall in its 2025 full-year net profit due to a Sh7 billion pension payment. This decline stems from a judgment by the Retirement Benefits Appeals Tribunal.

  • The anticipated 25% profit decline would reduce StanChart Kenya's 2025 net earnings from Sh20 billion in 2024 to approximately Sh15 billion.
  • The Board Chairperson Kellen Kariuki and Managing Director and CEO Kenya & Africa Kariuki Ngari made the announcement, confirming payments have begun for 629 appellants from the "Abdalla Osman and 628 Others" case.
  • The bank, 75% owned by UK multinational Standard Chartered Plc, assured stakeholders it remains adequately capitalized to meet these obligations despite the significant impact on costs as per IAS 19 accounting standards.

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