Standard Bank substantially increased its presence in Kenya with the acquisition of Stanbic Bank Limited in May 2008. Stanbic Bank is licensed by the Central Bank of Kenya.
Stanbic Bank is a universal bank that provides financial services across Kenya. We provide a full range of consumer, corporate and investment banking services to clients who require a local banking partner with international reach.
We service the evolving needs of local and international clients, delivered by over 1 000 employees at 24 branches, along with 40 ATMs and our advanced online banking services.
Our Corporate & Investment Banking team combines an in-depth understanding of local market conditions and drivers with Standard Bank's experience in emerging markets to develop client-focused solutions, customised to each client's unique requirements. We leverage Standard Bank's extensive presence to create cross-border solutions, supported by our global network of experts with world-class risk and capital management systems.
Read more about Kenya and our corporate and investment banking offering.
Read more about corporate and investment banking solutions for your business.
For more information on Standard Bank Corporate & Investment banking visit http://corporateandinvestment.standardbank.com/CIB/.
Stanbic Bank have assisted clients in a number of infrastructure and power projects, including wind, heavy fuels and hydro projects, and bring to bear our experience in facilitating and funding public private partnership projects. As part of our capabilities in the agriculture sector, we are the primary banker for the tea industry (with Kenya responsible for almost one quarter of world’s tea production), and support our clients in coffee and horticulture.
We also support clients in the expanding consumer sector with its focus on infrastructure, real estate and services, as well as tourism.
Read more about Standard Bank Group’s sector specialism.
Standard Bank is a leading African financial services group with universal banking capabilities. We operate in 20 countries in Africa, including South Africa, as well as in other key markets globally.
We know Africa. As a connected, real economy bank, our insight and experience enables us to unlock opportunities and mitigate risk for our broad range of clients. Our differentiator is our long-term commitment to Africa, our home, underpinned by a heritage of more than 150 years on the continent.
June survey data pointed to a marked improvement in the health of Kenya's private sector, as businesses drove up activity in line with an accelerated rate of growth in new business. Firms also recorded a sharp increase in workforce numbers, while expectations for output over the coming year improved to the highest in the survey history.
Stanbic Holdings Plc posted KSh6.3 billion profit after tax last year, a 46 percent growth from the previous year’s KSh4.3 billion, driven by growth in customer loans and deposits.
Operating conditions in Kenya’s private sector saw another solid uplift at the start of the year, despite the rate of improvement edging down from December. Output and new orders continued to expand sharply.
Global Finance Magazine
Global Finance Magazine