Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
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Takeout from Key Operating Metrics
Kenya's listed banking sector core EPS rose by 36.3% in Q3'2022, compared to a growth of 102.0% in Q3'2021
The The listed banks recorded a 36.3% weighted average growth in core Earnings per Share (EPS), compared to a weighted
growth of 102.0% recorded in Q3'2021 when the sector was recovering from a lower base. The performance during the period was
mainly attributed to a 30.1% growth in non-funded income coupled with a 17.6% growth in net interest
The listed continued to implement their revenue diversification strategies as evidenced by non-funded income growth of 30.1% in
Q3'2022 compared to 14.3% growth recoded in Q3'2021. The performance was mainly driven by 16.2% growth in total fees and
commissions, which was an increase from 11.4% growth recorded during the same period last year
The Banks recorded a weighted average deposit growth of 9.8%, slower than the 14.3% growth recorded in Q3'2021, an indication
of reduced investment risk in the business environment
Interest income grew by 16.4% in Q3'2022, compared to a growth of 15.9% recorded in Q3'2021 while the weighted average Yield
on Interest Earning Assets (YIEA) remained relatively unchanged at 9.9%, similar to what was recorded in in Q3'2021 for the listed
banking sector. On the other hand, the Net Interest Margin (NIM) also remained unchanged at 7.3%, as was recorded in Q3'2021
for the whole listed banking sector.
Cytonn
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