Stanbic Bank Dismisses Viral CEO Appointment

Stanbic Bank Kenya has dismissed claims circulating on social media alleging that a former employee had been appointed the bank’s new Chief Executive Officer, clarifying that its leadership remains unchanged.

The bank released the statement after a LinkedIn post by David Dimba went viral online.

In the post, Dimba claimed he had officially accepted an appointment as the next CEO of Stanbic Bank Kenya, effective May 18, pending approval by the Central Bank of Kenya.

The post featured a branded image bearing Stanbic Bank’s logo and a caption reading, “Honoured. Humbled. Ready to serve,” alongside a declaration that he was set to take over leadership at the financial institution.

“Stanbic Bank Kenya wishes to clarify that social media posts by a former employee claiming to hold the position of Chief Executive of Stanbic Bank Kenya are inaccurate,” the bank stated.

Bank Rejects Leadership Claims

The lender further maintained that its current chief executive remains in office and that no changes had been made to its governance structures.

“The Bank’s Chief Executive remains in office, and the Bank’s leadership and governance structures remain unchanged,” the statement added.

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Stanbic Bank also emphasized that it continues to operate under the oversight of the Central Bank of Kenya and remains compliant with all legal and regulatory obligations governing the banking sector.

“Stanbic Bank Kenya is regulated by the Central Bank of Kenya and continues to operate in full compliance with all applicable legal and regulatory requirements,” the statement read.

Governance Procedures Highlighted

The bank said all matters relating to executive appointments and governance are handled through formal internal procedures and official regulatory channels.

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“Any matters relating to executive leadership or governance are managed through established legal, regulatory, and internal governance processes, and are communicated through official Bank channels,” Stanbic Bank stated.

The lender urged customers, investors, and other stakeholders to ignore unofficial communication regarding leadership changes at the institution.

“Stakeholders are advised to disregard any unofficial statements or claims not issued through the Bank’s formal communication channels,” the bank said.

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A photo collage of Stanbic Bank Kenya statement on the false leadership claims and a poster by former employee David Dimba declaring himself Stanbic CEO effective May 18, 2026. PHOTO/ File