SCBK | Standard Chartered Bank Kenya FY22 Earnings Note

    Standard Chartered Bank Kenya FY’22 earnings results were higher than our expectations. The lender posted a 33.41% y/y climb in PAT and a 33.97% growth in EPS to KES 12.06Bn and KES 31.47/share, respectively, driven by a 18.13% y/y growth in net interest income and a 13.53% y/y growth in non-interest income. Trailing ROaE & ROaA improved to 22.05% & 3.37% respectively in FY’22 as NIMs remained adequate at 6.96%. The board of directors recommended a final dividend of KES 16.00 taking the total dividend paid out in FY’22 to KES 22.00 representing a 15.79% increase from KES 19.00 paid out in FY’21.

    Loan book grew 10.67% y/y to KES 139.41Bn faster than the 5.05% y/y growth in the customer deposits to KES 278.88Bn leading to a 254bps growth in the loan deposit ratio to 49.99%. We observed a notable jump in income from the Corporate, Commercial & Institutional Banking (CCIB) by 26.00% to 13.60Bn and Consumer, Private & Business Banking(CPPB) by 15.00% to KES 15.60Bn highlighting outstanding product performance and improved momentum of the wealth management business. Allocation to government securities grew 10.57% y/y to 105.70Bn in FY’22 driven by hunt for higher yields. Fair Value changes through OCI recorded a 15.07% growth y/y to 104.73Mn.


    Download (644.48 KB)


    Instagram -
    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