Thread by @MwangoCapital

Welcome to the Equity Group [@KeEquityBank] Q1 2022 Earnings brief.

You can follow the proceedings on YouTube. We will be live-tweeting the key points in a thread below this Tweet.

#Equity2022Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank] Balance Sheet 2020-2021:
#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank] Economic Recovery Outlook: Regional CBR and Currency Depreciation
#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank] Economic Recovery Outlook: GDP growth projected to slow down in majority of the regional counties
#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank] Balance Sheet Q1 2021 Vs Q1 2022:
#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank]

Regional subsidiaries continued to gain market share with their total revenue contribution to the group growing to 40% (KES 12.8B)

Subsidiaries profit after tax contribution increased 30% to KES 3.6B

#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank]

Turn on average equity for subsidiaries student 23.6% against the cost capital ratio of 21% with both Equity Bank Uganda and Equity Bank Rwanda joining Equity Bank Kenya to register return on average assets above 4%

#Equity2020Q1Results

Equity Bank Group [@KeEquityBank]

⬛Strategic pursuit of quality growth so non-performing loans declined to 8.6% down from 11.13%

#Equity2020Q1Results #MwangoInsights

Equity Bank Group [@KeEquityBank]

⬛ Innovation and Digitisation: The group's digital transactions were 32x more than the ATM and Physical branches combined

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank]

Innovation and Digitisation: The total number of digital transactions grew over 823%

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank]

The combined efficiency gains in net interest margin growth to 6.8% up from 6.4% as a result of efficient asset allocation, improved performance of subsidiaries, declining cost of credit risk and cost efficiencies of digitisation

#Equity2020Q1Results

Equity Bank [@KeEquityBank] Q1 2022 Results

Cost income ratio declined to 45.3% down from 49.8% while profit-after-tax grew by 36% to KES 11.9 billion FROM 8.7 billion the previous year

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank] Q1 2022 Results

Financial Ratios:

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank] Q1 2022 Results

2025 Strategy Framework: equity groups 2025 strategy is a multi-pronged and holistic solution to achieve social and economic transformation in Africa.

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank] Q1 2022 Results

Transformation Plan deliverables and objectives:

#Equity2020Q1Results #MwangoInsights

Equity Bank [@KeEquityBank] Q1 2022 Results

2022 Guidance Vs Actual:

#Equity2020Q1Results #MwangoInsights