In this episode recorded on 06.03.2024, we host Dennis Musau - Chief Finance & Value Officer, Stanbic Bank to delve into the bank's FY 2023 earnings results.
We also cover the loan book, NPLs, participation in the G2G program, the impact of Kenya’s graylisting by FATF, dollar access in the market, SBG Securities’ performance, dividends, and share buybacks.
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Show Notes
00:00:00 Introductoin
00:06:46 2023 Performance Overview
00:10:04 Loan Book and Non-Performing Loans
00:22:44 Interest Income, Investment In Gov’t Securities, and Non-Funded Income
00:30:02 The G2G Program
00:32:18 Statutory Loan Loss Reserve, Dividends, and Share Buy Backs
00:37:55 South Sudan Subsidiary’s Performance, M&A, and SBG Securities
00:42:11 Exposure in the Tea Sector
00:43:58 FATF Graylisting, Dollar Access, and Eurobond Repayment
00:53:21 Impact of Depreciating Currency on Tier-One Banks
00:57:14 Outlook, Strategy, and Closing Thoughts
Stanbic Holdings FY 2023 Results