StanChart Kenya warns profit fall due to Sh7b pension payment

Standard Chartered Kenya Board of Directors Chairperson Kellen Kariuki and Managing Director and CEO Kenya & Africa Kariuki Ngari during the launch of the bank's Sustainability Progress Report in Nairobi.[Wilberforce Okwiri,Standard]

Tier one lender, Standard Chartered Bank Kenya Ltd, has projected at least a 25 per cent fall on its 2025 full-year net profit, attributing the decline to a significant financial provision linked to a pension dispute that is estimated to require a Sh7 billion payout.