Standard Chartered Kenya is a large financial services provider in Kenya. As of December 2013[update], the bank's total assets were valued at about US$2.539 billion (KES:220.39 billion), with shareholders' equity of about US$417.1 million (KES:36.2 billion).[6] At that time, Standard Chartered Kenya was the 4th largest bank, by assets, out of the 43 licensed banks in the country.[7]
The stock of Standard Chartered Kenya was listed on the Nairobi Securities Exchange (NSE) in 1989,[11] offering 21 million shares to the public. This was the largest single placing at the NSE at the time. As of August 2014[update], the bank had a network of 34 branches, 90 automated teller machines and nearly 1,700 employees.
Ownership
The stock of the bank is listed on the Nairobi Stock Exchange, where it trades under the symbol: SCBK. The shareholding in the bank is summarized in the table below:[12]
In 2006, Standard Chartered Kenya acquired 25% shareholding in First Africa Capital, a financial services advisory company with headquarters in Nairobi and offices in London and Johannesburg, co-founded by Wanjiku Mugane, a Kenyan attorney and investment banker, who served as its CEO. In 2009, Standard Chartered acquired 100% of First Africa stock, renaming the company Standard Chartered Securities (SCS), to reflect the new ownership. Caroline Wanjiku Mugane served as the chief executive officer at SCS from 2006 until Standard Chartered Bank closed the subsidiary in 2013.[13]
