SCBK | Standard Chartered Bank FY21 Earnings Note

    SCBK FY’21 net earnings edged up 66.23% to KES 9.04Bn which was above our expectation of KES 7.29Bn, while the EPS also grew by 62.76% to KES 23.49. The impressive numbers in the bottom line were mainly powered by growth in operating income (+6.41% y/y to KES 29.16Bn) and a decline in Total Operating Expenses (-17.21% y/y to KES 16.57Bn). Balance sheet expansion remained muted with the loan book (+3.66% y/y to KES 125.97Bn) growing faster than customer deposits (+3.50% y/y to KES 265.47Bn).

     

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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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