Stanbic Holdings FY 2023 Results

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.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introductoin00:06:46 2023 Performance Overview00:10:04 Loan Book and Non-Performing Loans00:22:44 Interest Income, Investment In Gov’t Securities, and Non-Funded Income00:30:02 The G2G Program00:32:18 Statutory Loan Loss Reserve, Dividends, and Share Buy Backs00:37:55 South Sudan Subsidiary’s Performance, M&A, and SBG Securities00:42:11 Exposure in the Tea Sector00:43:58 FATF Graylisting, Dollar Access, and Eurobond Repayment00:53:21 Impact of Depreciating Currency on Tier-One Banks 00:57:14 Outlook, Strategy, and Closing Thoughts Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe