In this episode recorded on 26.03.2024, we host Lawrence Kimathi, Group Director Finance - KCB, as we break down the bank’s 2023 financial performance.

We also cover NBK’s sale, subsidiary performance, dividends, the G2G oil deal, and the bank’s 2024 outlook.

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Show Notes

00:00:00 Introduction

00:03:00 Local vs Multinational Banks

00:04:00 FY23 Results Overview

00:07:54 Customer Deposits, Gross Loans, and NPLs

00:18:35 NBK

00:23:10 Interest Income vs Interest Expense

00:26:18 Cost to Income Ratio and Subsidiary Performance

00:33:56 Capex and Dividends

00:36:27 The G2G Oil Deal

00:38:59 Outlook for 2024

In this episode recorded on 25.03.2024, we host Kihara Maina - Regional CEO and Billy Ng'etich - Acting CFO from I&M Group as we break down I&M Group’s 2023 financial performance.

We also cover interest income trends in a rising interest rate environment, monetizing digital transactions, risk-based pricing model, unlocking shareholder value, and subsidiary performance.

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Show Notes

00:00:00 Introduction

00:01:04 Overview of FY 23 Results

00:01:47 Interest Income vs Interest Expense

00:03:00 Non-Funded Income, NPLs, and Interest Income Trends

00:09:02 Bottom Line, ROE, and Investments

00:16:31 Lending Rate and Risk-Based Pricing Model

00:20:27 Strategy, Positioning, and Products

00:23:46 Dividend Payout Ratio and SLLR

00:28:46 Acquisition by East Africa Growth Holding

00:29:26 Unlocking Shareholder Value and Subsidiary Performance

00:32:51 Monetizing Digital Transactions and G2G Transactions

00:37:29 2024 Outlook

In this episode recorded on 19.03.2024, we host Yusuf Omari - Finance Director, Absa Bank Kenya, to deep-dive into the bank's FY 2023 results.

We also cover FX depreciation, exposure to government securities, risk-based pricing model, the cost of risk, and mark-to-market losses.

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Show Notes

00:00:00 Introduction

00:01:23 Overview of the FY 2023 Results

00:03:24 FX Depreciation and Exposure to Government Securities

00:07:13 NPLs and Preference for Short-Term Lending

00:10:56 Customer Deposits, Loan Uptake, and the IFB

00:18:55 Cost of Risk and the Cost-to-Income Ratio

00:25:19 CAPEX and Dividends

00:27:44 Non-Funded Income, Insurance, and Asset Management

00:32:08 Loan-To-Deposit Ratio and Mark-To-Market Losses

00:34:19 Interest Expense, FX Outlook, and Risk-Based Pricing

00:40:48 Longterm Plans, M&A, and Key Takeaways