SCBK | Standard Chartered Bank Kenya HY22 Earnings Note

    SCBK HY’22 net earnings edged up 10.89% to KES 5.41Bn which was marginally above our expectations of KES 5.32Bn, while the EPS also grew 9.30% to KES 13.87. The impressive numbers, in the bottom line, were mainly powered by growth in operating income (+10.23% y/y to KES 15.56Bn) despite a concurrent growth in Total Operating Expenses (+9.18% y/y to KES 7.99Bn). Balance sheet expansion remained muted with the loan book (-1.35% y/y to KES 128.52Bn) declining compared to growth in customer deposits (+3.14% y/y to KES 286.91Bn).

     

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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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