Stanbic and Stanchart 2023 Sustainability Reports indicate how the lenders generated, sustained, and maximized positive impact on the society, environment and economy during the year.
- Stanbic said it channelled over KSh100 billion to projects, solutions and initiatives that promoted sustainability, MSMEs and trade in Kenya and South Sudan in 2023.
- Tied to its purpose to drive growth in Kenya and South Sudan, the Group invested in green projects, facilitated trade and investment, developed sustainable finance solutions, improved financial inclusion and empowered the community through health, education and SME initiatives.
- Stanchart’s report highlights that in 2023, it grew its total Sustainable Finance assets to KSh3 billion, a 13 per cent increase from 2022, while increasing overall sustainable finance revenue by over 1,000 per cent.
Key Highlights
The number of employees who exited Stanbic last year for undisclosed reasons increased to 114 from 110 reported in 2022.
According to the lender’s 2023 sustainability report, it had 1,129 permanent employees last year with male accounting for 52 per cent of the staff compared to female at 48 per cent.
The dominant age group is between 30-40, accounting for 52 per cent. Employees aged above 40 stand at 37 per cent while below 30 years account for 11 per cent.
The staff percentage mix at Stanbic is a contrast from Stanchart Kenya, which has female dominating the workforce at 54 per cent of the total 1015 staff it had in 2023.
Compared to 2022, Stanchart staff reduced from 1064 to 1015 in 2023 though gender percentage remained unchanged.
Stanbic said it spent KSh8.6 billion in 2023 on its employees in wages and other benefits, and another KSh58 million on employee learning and development.
According to employment trends in banking sector for last year, Central Bank of Kenya says staff levels in the sector increased by 1,826 (5.1 percent) from 36,107 in December 2022, to 37,933 in December 2023.
Secretarial and other Staff, Management, and Supervisory staff cadres increased by 920, 513 and 400 respectively. Large peer-group banks had the largest increase in the total number of staff mainly due to increase in branches and other outlets.
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