Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
I&M Group's PAT is expected to grow at a 5-year CAGR of 5.0%
Income Statement
Net Interest Income
2019
2020
2021
2022f
15.5
15.6
20.9
22.3
Non-Funded Income
Total Operating Income
Loan Loss Provision
Other Operating Expenses
Total Operating Expenses
Profit Before Tax
8.3
8.6
8.7
11.5
23.8
24.2
29.6
33.8
0.6
2.5
(4.2)
(5.2)
9.5
10.1
(13.5)
(15.6)
(10.1)
(12.6)
(17.7)
(20.8)
14.6
11.0
12.4
13.6
% PAT Change YoY
26.6%
(21.9%)
2.5%
10.1%
EPS
13.0
10.2
4.9
5.7
DPS
2.6
2.3
1.5
1.8
Cost to Income (with LLP)
42.4%
52.0%
59.9%
61.5%
NIM
5.9%
5.4%
6.3%
6.0%
ROaE
19.5%
13.2%
12.2%
12.4%
ROaA
3.4%
2.3%
2.1%
2.1%
Balance Sheet
2019
2020
2021
2025F
Government securities
53.9
101.7
125.5
132.4
Net Loans and Advances
175.3
187.4
210.6
231.4
Other Assets
86.0
69.0
79.0
88.0
Customer Deposits
Total Assets
Other Liabilities
Total Liabilities
Shareholders Equity
Number of Shares
Book Value Per Share
% BVPS Change YoY
Cytonn
315.3
358.1
415.2
451.8
229.7
262.7
296.7
320.5
24.7
27.4
44.4
51.2
254.4
290.0
341.1
371.7
57.7
64.2
69.6
75.0
0.8
0.8
1.7
1.7
69.8
77.6
42.1
45.4
(39.7%)
11.2%
(45.8%)
7.8%
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