Listed lender Standard Chartered Bank Kenya has moved to reassure markets after the Supreme Court’s decision striking out its appeal in a multibillion-shilling pension case.

StanChart Kenya has said it is committed to meeting the obligations within the law.

“We have initiated a structured process to execute the judgement in accordance with the legal requirements and are committed to maintaining open communication with affected pensioners,”

It also sought to calm market concerns, adding:

“We would like to reassure our clients and stakeholders that we are adequately capitalised to meet the anticipated obligations.”

In addition to emphasising its financial strength and pledged to maintain open communication with retirees.