KCB FY 2023 Performance

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.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:03:00 Local vs Multinational Banks00:04:00 FY23 Results Overview00:07:54 Customer Deposits, Gross Loans, and NPLs00:18:35 NBK00:23:10 Interest Income vs Interest Expense00:26:18 Cost to Income Ratio and Subsidiary Performance00:33:56 Capex and Dividends00:36:27 The G2G Oil Deal 00:38:59 Outlook for 2024 Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe