Absa Kenya FY 23 Results

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.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:01:23 Overview of the FY 2023 Results00:03:24 FX Depreciation and Exposure to Government Securities00:07:13 NPLs and Preference for Short-Term Lending00:10:56 Customer Deposits, Loan Uptake, and the IFB00:18:55 Cost of Risk and the Cost-to-Income Ratio00:25:19 CAPEX and Dividends00:27:44 Non-Funded Income, Insurance, and Asset Management00:32:08 Loan-To-Deposit Ratio and Mark-To-Market Losses00:34:19 Interest Expense, FX Outlook, and Risk-Based Pricing00:40:48 Longterm Plans, M&A, and Key Takeaways Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe