Listed lender Standard Chartered Bank Kenya has reported a 41 per cent drop in its earnings for the period ending September 30, 2025.
The lender posted Ksh13.2B attributed to a one-off payment to settle a Retirement Benefits Appeal order.
“I’m pleased to inform our stakeholders that we have substantially discharged the order,” said Kariuki Ngari, MD and CEO of Stanchart.
The Sh2.7B was ordered by the Supreme Court of Kenya in a September 5th ruling.
In the period under review, operating expenses grew by 19 per cent. Net interest income for the lender also dropped by 10 per cent as non-interest income also fell by 29 per cent.
Loans and advances to customers decreased by 3 per cent.
“This was occasioned by a decline in transaction services, personal and mortgage loans compared to December 2024,” the lender added.