• Absa Kenya FY 23 Results

  • Apr 3 2024
  • Length: 45 mins
  • Podcast
Absa Kenya FY 23 Results  By  cover art

Absa Kenya FY 23 Results

  • Summary

  • 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



    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com
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