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My 2 cents
#91 Posted : Wednesday, April 20, 2022 8:36:10 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
young wrote:
My 2 cents wrote:
young wrote:
Please be aware

Kenya subsidiary SCBK
constitutes 10% of group earnings worldwide .
Read through the last part of this report 👇


https://businesstoday.co...-stanchart-keeps-kenya/


Hope that helps to address the issue ?


I looked up the 2021 statements for StanChart Global and then did the math myself. The share of Kenya Stanchart to Global Stanchart is just 3%. As usual we have shoddy Kenyan journalism to blame for that misleading and erroneous 10%.




UPDATE

Yes I just cross checked myself .

Out of $3,347 million gross profit of global standard chartered bank, Kenya subsidiary contributed $104 million .

That confirms the 3% contribution from Kenya.

The criteria of SCB worldwide is to close subsidiaries contributing 1% or below to global pre tax profit .

So you are correct @my 2 cents ....that Kenya contribution was 3% NOT 10%.

Note however that Kenya contribution of 3% is the best in Africa closely followed by Nigeria at 2 .75%.

Looking forward Kenya operations will remain for many years ahead unless SCB wants to divest entirely from African operations .



Divesting away from Africa would be imprudent, so I do hope they stay. SCBK share price is recovering bit by bit.
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sparkly
#92 Posted : Saturday, April 30, 2022 1:31:58 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
My 2 cents wrote:
young wrote:
My 2 cents wrote:
young wrote:
Please be aware

Kenya subsidiary SCBK
constitutes 10% of group earnings worldwide .
Read through the last part of this report 👇


https://businesstoday.co...-stanchart-keeps-kenya/


Hope that helps to address the issue ?


I looked up the 2021 statements for StanChart Global and then did the math myself. The share of Kenya Stanchart to Global Stanchart is just 3%. As usual we have shoddy Kenyan journalism to blame for that misleading and erroneous 10%.




UPDATE

Yes I just cross checked myself .

Out of $3,347 million gross profit of global standard chartered bank, Kenya subsidiary contributed $104 million .

That confirms the 3% contribution from Kenya.

The criteria of SCB worldwide is to close subsidiaries contributing 1% or below to global pre tax profit .

So you are correct @my 2 cents ....that Kenya contribution was 3% NOT 10%.

Note however that Kenya contribution of 3% is the best in Africa closely followed by Nigeria at 2 .75%.

Looking forward Kenya operations will remain for many years ahead unless SCB wants to divest entirely from African operations .



Divesting away from Africa would be imprudent, so I do hope they stay. SCBK share price is recovering bit by bit.


Africa is a very small market in the global scheme of things. The Beberu banks only think of exploiting the continent, not growing it. Only African banks like Equity, KCB and Co-op can grow our continent. Let the Beberu go.
Life is short. Live passionately.
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  | | Edit by user: Saturday, April 30, 2022 1:36 PM | Reason: Not specified
Ericsson
#93 Posted : Monday, May 02, 2022 9:24:55 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
https://www.businessdail...-iconic-property-3801302
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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DtheK
#94 Posted : Tuesday, January 02, 2024 1:14:13 PM
Rank: Member

Joined: 2/15/2010
Posts: 167
Location: Kenya
Thirty Billion! Wueh https://www.kbc.co.ke/mi...n-shillings-pay-battle/
Anybody knows if they've appealed? In any case I think the courts are more likely to side with the (former)employees.
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Ericsson
#95 Posted : Thursday, December 26, 2024 8:39:55 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
The star of the banking sector this year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#96 Posted : Sunday, December 07, 2025 8:17:43 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,317
Location: nairobi
Ericsson wrote:
The star of the banking sector this year

When it rains..
Standard Chartered settles £1.5bn lawsuit over Iran sanctions breaches https://share.google/qkz02aBlfmHv8UUc4
COOP, IMH, KEGN, KQ, MTNU
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Ericsson
#97 Posted : Saturday, January 17, 2026 3:09:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
obiero wrote:
[quote=Ericsson]The star of the banking sector this year

When it rains..
Standard Chartered settles £1.5bn lawsuit over Iran sanctions breaches https://share.google/qkz02aBlfmHv8UUc4[/quote]

Banking sector has started the year as the star of NSE.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#98 Posted : Thursday, January 22, 2026 9:26:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,317
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
The star of the banking sector this year

When it rains..
Standard Chartered settles £1.5bn lawsuit over Iran sanctions breaches https://share.google/qkz02aBlfmHv8UUc4


Banking sector has started the year as the star of NSE.

New CEO arrives, on the back of a profit warning. Expect 38% drop in PBT, as stated by the Exchange Bar. Dividend should also be skipped for the year. Thank me later
COOP, IMH, KEGN, KQ, MTNU
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