Standard Chartered Bank is one of the world’s major banks, having been listed on the London, Hong Kong and Mumbai stock exchanges as well as our very own Nairobi Securities Exchange. The bank opened its Kenyan branches in 1911 as the first foreign-owned bank and a hundred years later has a network of 34 branches across the country, 90 ATMs and 1,040 employees. With 25% local shareholding, StanChart has remained a public quoted company on the Nairobi Stock Exchange since 1989 and claims to serve approximately 29% of the market (read that here).
The bank recently announced that it is pursuing a rights issue to increase its authorised share capital (read more here).
Below are some infographics on the banks progress over the last 5 years.
Customer deposits peaked at KES 122 Billion in 2011 from KES 73 Billion in 2007 and have increased steadily every year.
While the customer deposits have increased every year, their loan book has also increased each year but with some years experiencing bigger increases than others. The dip in 2008-2009 can be hypothesized as a cause of the 2007 post-election violence period with a depressed economy. As of 2011, the bank is lending approximately 78% of its deposits which is commendable, fulfilling its role of credit creation, linking lenders and borrowers.
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
Email: | hello@abacus.co.ke |
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Tel: | +254 792 753 774 |