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|❤️Financial Research & Analysis on East Africa Markets| |🗞️Newsletter: https://t.co/vXkqHKrslm| |💬WhatsApp: https://t.co/aiPsJmwtqB…|

Mar 15, 2022, 9 tweets

Absa FY 2021:

1. 32% total returns for FY 2021

#AbsaFY2021Results

2. KES 1.1 Dividend per share for 2021.

#AbsaFY2021Results

3. Profit After Tax track record:

#AbsaFY2021Results

Balance Sheet Snapshot:

-Loans to Customers +12% to Kes 234 billion
-Customer deposits +6% to Kes 269 billion

#AbsaFY2021Results

Income:

-Net Interest Income +8% to Kes 25.2 billion (NII ratio: 68.4%)
-Non Interest Income +5% to Kes 11.7 billion (NFI ratio: 31.6%)
-Total Operating Income +7% to Kes 36.9 billion

#AbsaFY2021Results

Asset quality:

Gross NPL ratio 7.8% (Industry average: 13.1%

#AbsaFY2021Results

Pivoting from capital preservation to capital precision

#AbsaFY2021Results

Some key ratios:

-ROE at 19.3%
-CTI at 45%

#AbsaFY2021Results

Risk based pricing:

“We are in conversation with the Central Bank. We are confident we will come at a conclusion”

@JeremyAwori

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