Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
NCBA Group's PAT is expected to grow at a 5-year CAGR of 28.4%
Income Statement
2019
2020
2021
2022f
Net Interest Income
13.3
25.5
27.0
29.3
Non Funded Income
Total Operating Income
Loan Loss Provision
Other Operating Expenses
Total Operating Expenses
Profit Before Tax
Profit After Tax
20.3
20.9
22.1
26.5
33.7
46.4
49.2
55.8
(6.3)
(20.4)
(12.7)
(12.8)
(14.1)
(19.6)
(20.8)
(23.1)
(20.4)
(40.0)
(33.4)
(35.8)
11.3
5.0
15.0
19.3
7.8
4.6
10.2
13.5
% PAT Change YoY
(12.4%)
(41.7%)
123.7%
31.8%
EPS
11.1
2.8
6.2
8.2
DPS
0.3
2.3
3.0
0.2
Cost to Income (with LLP)
60.5%
86.2%
68.1%
64.2%
NIM
3.3%
5.8%
5.9%
5.6%
ROE
11.8%
6.6%
13.6%
17.1%
ROA
1.7%
0.9%
1.8%
2.2%
Balance Sheet
Net Loans and Advances
Government Securities
Other Assets
Total Assets
Customer Deposits
Other Liabilities
Total Liabilities
Shareholders Equity
Number of Shares
Book value Per share
% Change in BPS YOY
Cytonn
2019
2020
2021
2022f
249.4
248.5
244.0
268.6
145.0
163.5
196.1
216.8
100.5
116.0
151.0
144.2
494.8
528.0
591.1
629.6
378.2
421.5
469.9
497.4
49.3
33.9
43.2
52.6
427.6
455.4
513.1
550.0
67.0
72.4
77.9
79.6
0.7
1.5
1.5
1.6
44.7
43.9
47.3
48.3
1.5%
(1.8%)
7.6%
2.2%
55View entire presentation