Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
Co-operative Bank's PAT is expected to grow at a 5-year CAGR of 9.1%
Income Statement
Net Interest Income
2019
2020
2021
2022f
31.3
36.3
41.0
42.7
Non Funded Income
Total Operating Income
Loan Loss Provision
Other Operating Expenses
Total Operating Expenses
Profit Before Tax
17.2
17.5
19.4
24.6
48.5
53.8
60.4
67.4
(2.5)
(8.1)
(7.9)
(7.8)
(25.3)
(31.3)
(30.2)
(31.6)
(27.8)
(39.4)
(38.1)
(39.4)
20.7
14.3
22.6
28.1
% PAT Change YoY
12.4%
(24.4%)
53.0%
19.0%)
EPS
2.1
1.6
2.4
2.9
DPS
1.0
1.0
1.0
1.0
Cost to Income (with LLP)
57.4%
73.2%
63.0%
58.5%
NIM
8.5%
8.5%
8.5%
8.2%
ROE
19.2%
12.5%
17.3%
18.5%
ROA
3.3%
2.1%
3.0%
3.2%
Balance Sheet
2019
2020
2021
2022
Net Loans and Advances
266.7
286.6
310.2
339.9
Government Securities
117.8
161.9
184.9
190.2
Other Assets
72.5
88.4
85.5
102.8
Total Assets
457.0
536.9
579.8
632.9
Customer Deposits
332.8
378.6
407.7
441.0
Other Liabilities
43.3
66.3
71.3
79.4
Total Liabilities
376.2
444.9
479.0
520.4
Shareholders Equity
79.3
90.7
100.2
112.2
Number of Shares
5.87
5.87
5.87
6.9
Book value per share
% Change in BPS YOY
Cytonn
13.5
15.5
17.1
16.3
13.6%
14.4%
10.5%
11.9%
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