Standard Chartered Opens a Subsidiary in Angola

Posted on by wademinnie | 11216 Views | 12 min read

Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will

Standard Chartered Kenya Reports Profits of KShs 2.7 Billion for the period ended 31 March 2013

Posted on by wademinnie | 9643 Views | 13 min read

Standard Chartered Kenya has announced a pre-tax profit of KShs 2.7 billion for the period ended 31 March 2013. Total income remained flat at KShs 5.4 billion with loans and advances up by 22% to KShs 117.3 billion. Financial Highlights: • Net interest income grew by 2% to KShs 3.7 billion driven by strong growth