×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

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. 

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in