PAT and EPS above our expectations by edging higher by 20.99% and 21.70 y/ y respectively as driven by a 9.14% increase in net interest income and a 30.18% growth in non interest income.
Loan book (+16.42%) grew faster than customer deposits (+7.36%) taking the loans to deposit 6.40% points higher to 82.27% Loan book growth was driven by a 21.00 y/y (+52.52% q/q) increase in Mobile loans such as Vooma (+34%) Fuliza (+29%) and KCB M-pesa (+2%) to KES 138.80Bn.
Interim dividend to boost investors’ demand in the coming trading sessions The board recommended an interim DPS of KES 1 00 amounting to KES 3.20Bn and if approved, Book Closure Date is set for 8 th December 2022 and Payment date is slated for 13 th January 2023.
