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Standard Chartered Bank Kenya Ltd (NSE: SCBK)

Updated 5 May 2022
Standard Chartered Bank Kenya Ltd

What is Standard Chartered Bank Kenya Ltd

Standard Chartered Bank Kenya Ltd is a financial services institution based in Kenya that provides a range of banking products and services to individuals, small and medium sized enterprises (SME), as well as corporate customers. Standard Chartered Bank Kenya Ltd is a subsidiary of Standard Chartered Bank Limited and is present in Asia, Africa, the Middle East, Europe and the Americas.

The history of Standard Chartered Bank Kenya Ltd can be traced back to 1853 when The Chartered Bank was founded. The company, headquartered in London, United Kingdom, changed its name to Standard Chartered Bank in 1969. Standard Chartered Bank Kenya Ltd has its head office in Nairobi, Kenya.

Standard Chartered Bank Kenya Ltd provides a full-service offering that ranges from ordinary transactional banking to loans, mortgages, insurance and investments, asset management and treasury services.

Today, Standard Chartered Bank Kenya Ltd offers a portfolio of products that include current accounts, savings accounts, and fixed deposits, personal unsecured loans and mortgages, debit cards and foreign currency debit cards, excel and mobile banking services and wealth management services, including investment services and international banking.

Standard Chartered Bank Kenya Ltd also provides SME banking services, such as business current accounts, international trade account and business savings account, wholesale banking services comprising cash management, trade services, securities services, and RMB settlement, equities, commodities, foreign exchange, Islamic financing, syndicated loans, bonds, and structured products, as well as e-channel solutions, and corporate advisory and finance services.

Standard Chartered Bank Kenya Ltd ‘s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol SCBK.

Kariuki Ngari is the current CEO of Standard Chartered Bank Kenya Ltd and the company operates as part of the Banking Industry of the Financial Sector.

Standard Chartered Bank Kenya Ltd Stock Performance

The current price that Standard Chartered Bank Kenya Ltd stocks sell for is 135.00 KES. An analysis of financial data shows that Standard Chartered Bank Kenya Ltd has a total market capitalisation of 46.4 billion KES, with a P/E ratio of 9.68 and earnings per share of 13.95 KES. A total of 344 million shares are outstanding.

Financial results showed that Standard Chartered Bank Kenya Ltd experienced a Gross Turnover of 714,950.00 KES during the past year.

With an increase of earnings per share and steady profits over any period, investors who want to buy or sell Standard Chartered Bank Kenya Ltd stocks can look forward to profitable dividends and earnings in years to come.

According to an analysis on the live chart of Standard Chartered Bank Kenya Ltd, analysts forecast further improvement in performance for the financial sector with market share to grow as trading volumes may increase.

Highlights of Standard Chartered Bank Kenya Ltd in 2021

Standard Chartered Bank Kenya Ltd opened the year with a share price of 144.25 KES, but has lost 6.41 % in value on its price valuation, ranking 43rd on NSE with its year-to-date performance.

Standard Chartered Bank was the 23rd most traded stock on the Nairobi Securities Exchange over a period of three months between June and September 2021 and has experienced seen a trading volume of more than 4.7 million shares, which were finalized in 1,709  deals, and were valued at a total of 615 million KES over the three months, with an average of 74,600 shares in each trading session.

For the same period a volume high of 738,000 was achieved on 10 August and a low of 1,500 on 2 August.

Standard Chartered Bank Kenya Ltd experienced a recent 52 week high of 165.25 KES and a 52 week low of 127.75 KES. The decline over the 52 weeks were 16.72% and the Year to date decline was -6.76 % at the time of writing.

How to buy Standard Chartered Bank Kenya Ltd stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Standard Chartered Bank Kenya Ltd stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, ” SCBK”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

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