SCBK | Standard Chartered Bank Kenya - 3Q21 Earnings Note

    SCBK 3Q21 net earnings edged up 46.67% to KES 6.36Bn which was above our expectations of a KES 5.47Bn PAT, while the EPS also grew by 48.16% to KES 16.49. The impressive growth in the bottom line was mainly driven by a 7.84% growth in operating income to KES 22.87Bn and a 5.07% decline in total operating expenses to KES 13.38Bn. The growth was above our expectations backed by an improving economic conditions. The bank’s flat loan book at KES 131.74Bn was below our expectations.

     

    Download (334.07 KB)

     

    Instagram - https://www.instagram.com/aib_axys_africa/
    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.
    Latest Reports