This archive report was first published on 22 June 2020.
On June 22, 2020, Standard Chartered Bank Kenya announced it had extended over Ksh650 million in financing to companies producing essential goods and services to combat COVID-19 in Kenya.
The bank provided financing at preferential rates to support clients with capital expenditure and working capital requirements, enabling manufacturers and suppliers to get their products to market faster.
Chief Executive Officer, Mr. Kariuki Ngari, noted that the financing was extended to various sectors associated with helping to tackle COVID-19, including manufacturers and distributors in the pharmaceutical industry and healthcare providers.
Non-medical companies that have volunteered to add this capability to their manufacturing output, producing goods such as ventilators, face masks, protective equipment, sanitizers, and other consumables, also benefitted from the financing.
Standard Chartered has implemented measures to ensure the safety of their staff, support to their retail and business customers, and donated over Ksh122 million to support vulnerable communities during these challenging times.
The bank will continue to serve all its clients during this challenging period.
