Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
HF's PAT is expected to grow at a 5-year CAGR of (172.9%) to profitability in 2025
Income Statement
2019
2020
2021
2022f
Net Interest Income
Non-Funded Income
Total Operating Income
Loan Loss Provision
Other Operating Expenses
Total Operating Expenses
Profit Before Tax
% PAT Change YoY
EPS
2.0
1.9
1.8
1.9
1.4
0.5
0.5
1.0
3.4
2.4
2.4
2.9
(0.4)
(0.4)
(0.3)
(0.2)
(3.2)
(3.6)
(2.9)
(2.5)
(3.5)
(4.1)
(3.2)
(2.7)
(0.1)
(1.7)
(81.6%)
1443.7%
(0.9)
65.1%
0.2
(118.7%)
(0.3)
(4.4)
(1.5)
0.3
DPS
Cost to Income
104.2%
0.0
153.1%
0.0
0.0
0.0
136.3%
94.5%
NIM
4.3%
4.2%
4.2%
4.4%
ROaE
(1.1%)
(18.1%)
(7.2%)
1.4%
ROaA
(0.2%)
(3.0%)
(1.1%)
0.2%
Balance Sheet
2019
2020
2021
2022f
Net Loans and Advances
38.6
37.0
34.7
36.6
Government securities
4.6
7.1
6.6
9.0
Other Assets
13.3
11.3
11.7
9.5
Total Assets
Customer Deposits
Other Liabilities
Total Liabilities
Shareholders Equity
Number of Shares
Book Value Per Share
% BVPS Change YoY
Cytonn
56.5
55.4
52.9
55.2
37.4
39.9
37.7
40.2
8.8
6.9
7.2
6.9
46.2
46.9
44.9
47.1
10.2
8.6
8.0
8.1
0.4
0.4
0.4
0.4
26.6
22.3
20.7
20.9
(1.5%)
(16.2%)
(6.9%)
1.1%
80
80View entire presentation