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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
@TheAbojani
May 13 • 8 tweets • 3 min read Twitter logo Read on Twitter
📈Thread on #StanbicBankKenyaLimited's financial insights based on the recent unaudited quarterly results ending March 2019-2023: Image
Loans & Advances to Customers: refers to the amount of money that the bank has lent to its customers.

Stanbic's Loans and Advances to Customers increased from Ksh 144.70 billion in March 2019 to Ksh 230.27 billion in March 2023

This means that the bank experienced a growth in… twitter.com/i/web/status/1…
Total Assets: refers to the total value of all of the bank's assets, including cash, loans, investments, and property.

Total Assets increased by Ksh 106.73 billion from 2019 to 2023. The 18.30% YoY growth in March 2022-2023 indicates a period of strong growth for the bank.
💰Customer Deposits, which refer to the amount of money that customers have deposited with the bank, grew by Ksh 100.43 billion from 2019 to 2023. The highest observed increase was in 2019 at 28.97% compared to the previous year.
Stanbic Bank Kenya Limited's Net Interest Income has fluctuated over the five-year period. It decreased from KES 3.43 billion in March 2019 to KES 3.05 billion in March 2020. However, it increased to KES 5.42 billion in March 2023, which is a growth of 45% compared to the… twitter.com/i/web/status/1…
Stanbic Bank Kenya Limited's Non-Interest Income, which is generated from fees and commissions, has been fluctuating over the five-year period: it decreased from KES 3.27 billion in March 2019 to KES 2.32 billion in March 2020, but rose to KES 5.74 billion in March 2023. This… twitter.com/i/web/status/1…
Over the five-year period, Stanbic Bank Kenya Limited's profits increased substantially YoY despite a decline in profits in March 2020. In March 2023, the bank recorded its highest increase in profits after tax with a growth rate of 84.35% at Ksh 3.89 billion, which indicates… twitter.com/i/web/status/1…
During the period, Stanbic Bank Kenya Limited managed to keep its cost-to-income ratio under control below 50% each year.The cost-to-income ratio dropped to its lowest point of 40.48% in March 2023, indicating that the bank has achieved better efficiency in managing its costs and… twitter.com/i/web/status/1…

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More from @TheAbojani

Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 15
Managing debt effectively is crucial for maintaining financial stability.
Here are some steps you can take to manage your debt:
@MihrThakar @Davinedavid1 @cheruiyotkb @mtucreativity @mytradesignals @thesharkke @SokoAnalyst @WaruhiuFranklin Image
1. Assess your debt - Start by gathering all your financial documents and make a list of all your debts. Include information such as the outstanding balance, interest rates, minimum monthly payments, and due dates for each debt.
2. Create a budget - Evaluate your income and expenses to develop a realistic budget. Prioritize essential expenses like housing, utilities, and food, and allocate a portion of your income towards debt repayment.
Read 12 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 15
How to Protect Your Finances During Economic Uncertainties?
1/6 Create a financial plan. This will help you stay on track with your spending and savings goals, even when things get tough.
2/6 Budget. Don't let fear dictate your spending. It's easy to overspend when you're feeling anxious, but it's important to resist the urge. Stick to your budget and only spend money on essential items.
3/6 Pay down debt. Debt can be a major financial burden, especially during times of economic uncertainty. Make a plan to pay down your debt. Reducing your debt can help you abate financial stress.
Read 7 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 14
Dear @SafaricomPLC investors, these are the 27 things you need to know about the 2022/23 Financial Years

1/27 The company has paid a total dividend of Ksh 517. 99 billion since listing at the @NSE_PLC in 2008

Its market capitalization as of 12 of May 2023 was Ksh 530.87B… twitter.com/i/web/status/1… Image
@SafaricomPLC @NSE_PLC 1/27 Dear @SafaricomPLC investor Kenya's after-tax profits grew by 3% to Ksh 74.5bn. The Safaricom Ethiopian startup loss was Ksh 22bn. Since Safaricom Kenya owns 55.7% of Safaricom Ethiopia, only Ksh 12bn out of the Ksh 22bn loss is attributable to Safaricom Kenya so the… twitter.com/i/web/status/1… Image
3/27 @SafaricomPLC has become the first @NSE_PLC listed company to make more than Ksh 300 billion in revenue in a financial year @cdsckenya @NSE_Investors @MihrThakar Image
Read 27 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 14
6 Fintech products launched so in May 2023

1/6 @LetshegoKe, a subsidiary of @LetshegoGroup, has partnered with @CreditinfoKenya to launch LetsGo Cash, a self-service and short-term instant loan that gives customers access to KES 1,000 up to KES 100,000.
@cheruiyotkb @mmnjug Image
2/6 @imbankke has doubled its unsecured credit limit from KES 5 million to KES 10 million effective April 2023. This move by the lender makes the Kes 10 million loan limit the highest in Kenya for unsecured personal loans. @mbuguanjihia @alykhansatchu @MihrThakar Image
The Unsecured Personal Loan product is offered under the ‘I&M@Work’ workplace banking program.
Read 8 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 13
Building an emergency fund is an important step in achieving financial stability and security. An emergency fund is a savings account set aside specifically to cover unexpected expenses or emergencies.
Here are some steps you can take to build an emergency fund:
@MihrThakar
1. Determine how much you need - You should aim to save three to six months’ worth of living expenses. Calculate your monthly expenses, including rent/mortgage, utilities, food, transportation, and other necessary expenses.@thesharkke @WaruhiuFranklin @SokoAnalyst @Davinedavid1
2. Set a savings goal - Once you know how much you need, set a savings goal and make a plan to achieve it. Consider setting up automatic transfers from your checking account into a separate savings account specifically for your emergency fund. @mytradesignals
Read 9 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 12
The @CMAKenya introduced the Central Depository and Settlement Corporation @cdsckenya in 1999 to facilitate electronic trading and settlement of securities in the @NSE_PLC Nairobi Securities Exchange .@cdsckenya officially started operations in 2004.
The @cdsckenya plays a… twitter.com/i/web/status/1… Image
1. Custodian of Securities - The CDSC is the custodian of all securities traded on the NSE. It holds securities in electronic form and maintains an electronic register of all securities issued by companies listed on the NSE.
2. Settlement of Trades - The CDSC facilitates the settlement of trades by ensuring that the transfer of securities and funds between buyers and sellers is done electronically. This ensures that the settlement process is efficient, fast, and secure.
Read 6 tweets

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