DTB Kenya HY’22 EPS and PAT edged up 22.30% to KES 12.82 and KES 3.58Bn, respectively. Net earnings increase was driven by a 14.45% y/y jump in Total operating income to KES 15.05Bn supported by non-interest income and income from Government securities. Customer deposits grew 10.42% to KES 346.49Bn while the loan book grew faster at 14.34% to KES 233.62Bn, taking the loan-to-deposit ratio up 231bps to 67.42%.
As we have observed in other listed banking sector HY’22 earnings releases, the effect of the rising yield curve on the mark-to-market for-sale government securities has contributed to fair value losses for most lenders. DTB-K’s FV loss compared to the FVOCI assets was at -2.01% compared to a gain in HY’22.
