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

Joined: 6/2/2010
Posts: 1,099
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: 10,834
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: 10,834
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: 14,461
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 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Ericsson
#97 Posted : Saturday, January 17, 2026 3:09:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
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: 14,461
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 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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piedpiper
#99 Posted : Wednesday, May 27, 2026 10:47:44 AM
Rank: New-farer

Joined: 8/21/2017
Posts: 55
StanChart bucks trend with 26pc profit fall in first quarter

https://www.businessdail...in-first-quarter-5474256
Life is a beach and I'm just playing in the sand
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obiero
#100 Posted : Wednesday, May 27, 2026 12:58:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,461
Location: nairobi
piedpiper wrote:
StanChart bucks trend with 26pc profit fall in first quarter

https://www.businessdail...n-first-quarter-5474256

The worst is yet to come, for them
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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