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StanChart Kenya warns profit fall due to Sh7b pension payment

By Brian Ngugi | 3mos ago
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. 

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Standard Chartered Bank Kenya Retirement Benefits Authority Standard Chartered Pension Standard Chartered Loss
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