Stanbic 1H23 Financial Results Presentation
STRONG GROWTH MOMENTUM IN OUR PERFORMANCE
June 2023
KES m
June 2022
KES m % Change
Net interest income
12,051
8,343
44%
Non-interest revenue
8,899
6,860
30%
Total income
20,950
15,203
38%
Operating expenses
(8,718)
(7,335)
(19%)
Pre-provision profit
12,232
7,868
55%
Credit impairment charges
(2,497)
(1,261)
98%
Profit before tax
9,735
6,607
47%
Tax
(2,683)
(1,811)
48%
Profit after tax
7,051
4,796
47%
13 | STANBIC 1H23 FINANCIAL RESULTS PRESENTATION
Key highlights
The Group (Kenya Bank, South Sudan Branch, SBG Securities
and Stanbic Insurance Agency Limited) reported a profit after
tax of KES 7.1b;
Improvement in Net Interest Income on the back
of growth in the lending book and improved
margins
Growth in non-interest income mainly driven by
growth in trading revenue on increased volumes
and better margins as well as Investment
banking fees and mobile banking fees
Increase in credit impairment charges
mirroring tough operating environment
Costs growth reflecting the high inflationary pressure
coupled with investment in better technology to
enhance client experience, investment in people,
business growth and key investments to support our
strategyView entire presentation