Stanbic 1H23 Financial Results Presentation
OPERATING EXPENSES AND CREDIT IMPAIRMENT
KES Millions
KES Millions
10,000
9,000
50.0%
48.2%
48.0%
3,000
2,496
2,500
8,000
7,000
2,000
46.0%
4,713
6,000
1,500
3,662
Other operating expenses
1,261
5,000
44.0%
Staff costs
1,000
4,000
41.6%
42.0%
CTI
3,000
500
2,000
4,005
3,673
40.0%
1,000
Credit imp
(500)
38.0%
June 2023
June 2022
2,658
1,609
General debt provision Specific debt provision
(162) (348)
June 2023
■June 2022
Key Takeouts
Operating costs: driven by investment in people,
technology and business growth
■ Decline in cost to income ratio due to revenue
growing faster than costs
Key Takeouts
■ Growth in impairment charges mainly within Corporate and
Investment Banking, provisions for Business and Commercial
Banking tall trees and additional provisions for Unsecured
personal loans and mortgages in Personal and Private Banking
15 | STANBIC 1H23 FINANCIAL RESULTS PRESENTATION
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