Investor Presentaiton
17
STRONG BUSINESS MOMENTUM
KEY TAKEOUTS
25
37
The Group (Kenya Bank, South Sudan branch, SBG
Securities and Stanbic Insurance Agency Limited) reported a
profit after tax of KES 4.8b;
Improvement in Net Interest Income on the back of growth
in the lending book, improved margins driven by reduced
cost of funding and change in balance sheet mix.
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.
Lower credit impairments due to improving credit quality
mainly within Corporate and Investment Banking and
judicious recovery efforts.
Increase in operating expenses due to investments in the
platform business.
June 2022
KES M
June 2021
Change
KES M
%
Net interest income
8,343
6,901
21
21
Non-interest income
6,860
5,482
25
Total income
15,203
12,383
23
Operating expenses
(7,335)
(6,060)
(21)
Pre-provision profit
7,868
6,323
24
24
Credit impairment charges
(1,261)
(1,502)
16
Profit before tax
6,607
4,821
37
Tax
(1,811)
(1,319)
(37)
Profit after tax
4,796
3,502
37
Stanbic IT CAN BEView entire presentation