SBIC | Stanbic Bank 3Q21 Earnings Note

    Stanbic Bank 3Q21 EPS edged up 43.19% to KES 29.97 higher than our expectations of KES 27.42. PAT edged up 43.22% y/y to KES 5.11Bn driven by a 8.64% y/y increase in Total operating income to KES 17.48Bn supported by interest income from Government securities and reduced cost on deposits. Customer deposits reduced 5.82% (slower than our forecast of a 17.02% decrease) to KES 212.81Bn while the loan book grew 11.18% to KES 205.55Bn (better than our expectation of a 12% decline).

     

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    AIB-AXYS Africa
    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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