Stanbic Holdings Plc has declared a dividend of KSh12.6 per ordinary share of KSh5 after posting a 25.6 per cent increase in its after-tax profit for the fiscal year to December 2022.
The dividend payment amounting to KSh4.98 billion is a 40 per cent increase from the KSh3.56 billion the bank paid its shareholders in the previous financial year.
“Subject to shareholders’ approval, the final dividend will be payable to the members of the company registered on the share register of the company on the closure date, May 19, 2023,” said Stanbic.
During the period, customer deposits increased by 12 per cent to Ksh 272 billion, while loans and advances to customers were up 27 per cent to Ksh 236 billion, highlighting the Bank’s commitment to supporting economic growth and development.
| Balance Sheet | FY’2021 | FY’2022 | y/y change |
| Net Loans and Advances | 229.3 | 266.8 | 16.4% |
| Government Securities | 40.6 | 58.0 | 42.9% |
| Total Assets | 328.9 | 399.8 | 21.6% |
| Customer Deposits | 254.6 | 304.3 | 19.5% |
| Deposits Per Branch | 9.8 | 10.1 | 3.6% |
| Total Liabilities | 272.4 | 337.6 | 23.9% |
| Shareholder’s Funds | 56.5 | 62.2 | 10.2% |
“Over time, we have made investments to drive faster customer acquisition, efficient and convenient service and internal operational efficiency,” said Stanbic chief financial and value officer Dennis Musau.
“The outcome of these efforts is evident in our cost-to-income ratio which reduced from 50.9 per cent in 2021 to 46.7 per cent in 2022, boosting our return on equity to 15.3 per cent, up from 13.3 per cent in 2021.”
| Income Statement | FY’2021 | FY’2022 | y/y change |
| Net interest Income | 14.4 | 18.9 | 31.8% |
| Net non-interest income | 10.6 | 13.1 | 23.7% |
| Total Operating income | 25.0 | 32.1 | 28.4% |
| Loan loss provision | (2.5) | (4.9) | 95.9% |
| Total Operating expenses | (15.2) | (19.9) | 30.7% |
| Profit before tax | 9.8 | 12.2 | 24.8% |
| Profit after tax | 7.2 | 9.1 | 25.7% |
| Core EPS | 18.2 | 22.9 | 25.7% |