StanChart issues Sh17b record dividend as profit soars 45pc

Standard Chartered Bank Kenya Chief Executive Kariuki Ngari (right) with Chief Financial Officer, Kenya and Africa Chemutai Murgor during the release of the lender's 2024 full-year financial results in Nairobi yesterday. [Courtesy]

Standard Chartered Bank Kenya (StanChart), a subsidiary of the UK-based banking multinational Standard Chartered, has announced a record dividend payout of Sh17 billion, driven by earnings growth for the year ending December 2024.  

The total dividend of Sh45 per share exceeds half of the Sh29 per share, or an aggregate of Sh10.96 billion, distributed in the previous year.