"The markets being exited generated around 1% of total income in 2021 and a similar proportion of profit before tax"

Considering what they put into corporate governance and remuneration it may not make sense for them to be in the small markets or where they can't easily expand.

I wish I was that good.
I like SCBK for the DY of 13% which is like buying an IFB but with growth!
I do not think SCBK will go "private" anytime soon since there is a political benefit being a public firm when politicians want to extort you.

I do not expect the price of SCBK to rise as much as Equity over the next 10 years but this is a relatively safe income play.

Please be aware

Kenya subsidiary SCBK
constitutes 10% of group earnings worldwide .
Read through the last part of this report 👇


https://businesstoday.co...-stanchart-keeps-kenya/


Hope that helps to address the issue ?

Ignore the "sunk cost" and look at the current DY.
In other words, would you buy SCBK today?

I have for the income. Listening to the CEO, I felt confident that (excluding shocks) the general trajectory/growth will be good [not Equity like though] for the bank.

UPDATE

Yes I just cross checked myself .

Out of $3,347 million gross profit of global standard chartered bank, Kenya subsidiary contributed $104 million .

That confirms the 3% contribution from Kenya.

The criteria of SCB worldwide is to close subsidiaries contributing 1% or below to global pre tax profit .

So you are correct @my 2 cents ....that Kenya contribution was 3% NOT 10%.

Note however that Kenya contribution of 3% is the best in Africa closely followed by Nigeria at 2 .75%.

Looking forward Kenya operations will remain for many years ahead unless SCB wants to divest entirely from African operations .

Africa is a very small market in the global scheme of things. The Beberu banks only think of exploiting the continent, not growing it. Only African banks like Equity, KCB and Co-op can grow our continent. Let the Beberu go.

Thirty Billion! Wueh https://www.kbc.co.ke/mi...n-shillings-pay-battle/
Anybody knows if they've appealed? In any case I think the courts are more likely to side with the (former)employees.