Standard Chartered Bank Kenya proposes record 29-shilling dividend after 15% net income increase.
Standard Chartered Bank Kenya proposes a record dividend of 29 shillings per share after its decision to cut investment in government debt and focus on lending and wealth businesses led to a 15% increase in net income for the year ending December. The bank's net interest income rose 32%, and loans and advances to customers increased 17%. The total dividend payout amounts to KES 10.96 billion, or 79.4% of the net profit.
March 12, 2024
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