Investor Presentaiton
18
STRONG CONSISTENT GROWTH IN OUR PERFORMANCE
Dec
Dec
Change
2022
2021
%
KES M
KES M
Net interest income
18,945
14,373
32%
Non-interest income
13,139
10,616
24%
Total income
32,084
24,989
28
Operating expenses
(14,968)
(12,709)
(18)
Pre-provision profit
17,116
12,280
39
Credit impairment charges
(4,944)
(2,524)
(96)
Profit before tax
12,172
9,756
25
Tax
(3,112)
(2,548)
(22)
Profit after tax
9,060
7,208
26
Key Takeouts
The Group (Kenya Bank, South Sudan branch, SBG
Securities and Stanbic Insurance Agency Limited)
reported a profit after tax of KES 9.1b;
Improvement in Net Interest Income on the
back of growth in the lending book and
improved margins
Non-interest income YoY growth mainly
driven by growth in trading revenue
supported by increased volatility in the
foreign exchange market, closure of key
Investment Banking deals and rebound of
trade finance activity
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,
tighten cyber defence and key investments to
support our strategy
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