Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
Absa Bank's PAT is expected to grow at a 5-year CAGR of 11.2%
Income Statement
Net Interest Income
2019
2020
2021
2022f
23.2
23.4
25.3
29.0
Non Funded Income
Total Operating Income
Loan Loss Provision
Other Operating Expenses
Total Operating Expenses
Profit Before Tax
% PAT Change YoY
10.6
11.1
11.7
14.6
33.8
34.5
36.9
43.6
(4.2)
(9.0)
(4.7)
(5.7)
(17.3)
(16.7)
(16.7)
(17.9)
(21.5)
(25.7)
(21.4)
(23.6)
10.8
8.9
15.6
20.0
0.5%
(44.2%)
161.2%
28.7%
EPS
1.4
0.7
2.0
2.6
DPS
1.1
0.0
1.1
1.1
Cost to Income (with LLP)
63.6%
74.4%
57.9%
54.2%
Cost to Income (without LLP)
51.2%
48.2%
45.1%
41.1%
NIM
7.7%
7.1%
7.1%
7.2%
ROaE
16.7%
*9.1%
21.1%
22.4%
ROaA
2.1%
1.1%
2.7%
3.1%
Balance Sheet
Net Loans and Advances
Government Securities
Other Assets
Total Assets
Customer Deposits
Other Liabilities
Total Liabilities
Shareholders Equity
Number of shares
2019
2020
2021
2022f
194.9
208.9
234.2
291.8
123.0
126.1
132.6
136.0
56.1
44.5
61.9
58.5
374.0
379.4
428.7
486.4
237.7
253.6
268.7
282.2
91.1
79.3
103.5
136.0
328.8
332.9
372.2
418.1
45.2
46.5
56.5
68.3
5.4
5.4
5.4
5.4
Book value Per share
8.3
8.6
10.4
12.6
1% Change in BPS YOY
2.2%
2.9%
21.4%
46.8%
I
67
*Excluding exceptional costs associated with the change of brand, ABSA's FY'2020 ROaE came in at 13.5%View entire presentation