Standard Chartered Bank Kenya : H1 2023 Unaudited Results (Standard Chartered Investment Services Limited)
August 23, 2023
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Standard Chartered Bank Kenya Limited
The Board of Directors of Standard Chartered Investment Services Limited is pleased to announce the un-audited results of the Company for the six month period ended 30 June 2023
STATEMENT OF COMPREHENSIVE INCOME
30 June 2023
30 June 2022
Un-audited
Un-audited
KShs.000
KShs.000
Income
Advisory/consultancy fees
714,606
783,978
Interest income
-
-
Other income/(losses)
-
-
Total Income
714,606
783,978
Expenses
Employee costs
38,805
26,962
Operational and administrative expenses
171,985
156,457
Total expenses
210,790
183,419
Operating profit
503,816
600,559
Finance osts
-
-
Profit/loss before tax
503,816
600,559
Income tax expense
144,174
181,488
Profit/loss after tax
359,642
419,071
STATEMENT OF FINANCIAL POSITION
30 June 2023
31 December 2022
Un-audited
Audited
KShs.000
KShs.000
Non-current assets
Deferred tax asset
33,693
48,342
Total non-current assets
33,693
48,342
Current assets
Other trade receivables
68,591
44,832
Amounts due from group companies
88,771
59,821
Office cash and bank balances
239,729
458,727
Current tax asset
58,433
23,890
Total current assets
455,524
587,270
TOTAL ASSETS
489,217
635,612
Share capital and reserves
Paid up ordinary share capital
20,000
20,000
Revenue reserves
99,899
4,359
Proposed dividends
264,102
511,440
Total shareholders' funds
384,001
535,799
Current liabilities
Amounts due to group companies
103,313
97,236
Accrued expenses
1,903
2,577
Current tax liability
-
-
Total current liabilities
105,216
99,813
TOTAL EQUITY AND LIABILITIES
489,217
635,612
The above financial statements are extracts from the books of the Company.
Kariuki Ngari
Chemutai Murgor
Director
Director
OTHER DISCLOSURES
30 June 2023
31 December 2022
Un-audited
Audited
KShs.000
KShs.000
1. Capital strength
a. Paid up capital
20,000
20,000
b. Minimum capital required
10,000
10,000
(a-b) Excess/(deficiency)
10,000
10,000
2. Shareholders' funds
a. Total shareholders' funds
384,001
535,799
b. Minimum shareholders' funds required
10,000
10,000
(a-b) Excess/(deficiency)
374,001
525,799
3. Liquid capital
a. Liquid capital
284,007
458,335
b. Minimum liquid capital (the higher of
8,417
7,985
KShs 5m and 8% of liabilities)
(a-b) Excess/(deficiency)
275,590
450,350
8 August 2023
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Disclaimer
Standard Chartered Bank Kenya Ltd. published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2023 07:24:01 UTC.
Standard Chartered Bank Kenya is among the Kenyans banking group leaders. Net interest income breaks down by activity as follows:
- retail banking (45.8%): classical and specialized banking products and services sale (consumer credit, real estate credit, insurance, etc.);
- financing, investment and market banking (18.4%): specialized financing (of acquisitions, of projects, etc.), intervention on shares, rate and change, operations on shares, consulting on merger-acquisitions, etc.;
- commercial banking (9.1%);
- other (26.7%).
At the end of 2020, the group manages KES 256.5 billion of current deposits and KES 121.5 billion of current credits.
Products and services marketing is ensured through a network of 36 branches located in Kenya.