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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
@TheAbojani
May 17, 2023 • 9 tweets • 5 min read • Read on X
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📈 Here are some key insights from Standard Chartered Bank Kenya Ltd's unaudited quarterly group results:

1/6 @StanChartKE Limited has been experiencing consistent growth in loans and advances to customers, and total assets. Image
Loans & Advances to Customers
Loans and Advances to Customers have been volatile over the years, with fluctuations from Ksh117.56 billion in Q1:2019 to Ksh128.09 billion in Q1:2022.
However, the bank grew its Loans and Advance to Customers to Ksh137.11 billion in Q1 of 2023,… twitter.com/i/web/status/1… Image
@StanChartKE Limited's assets have been on a growth trajectory, increasing from Ksh301.37 billion in Q1:2019 to Ksh388.64 billion in Q1 of 2023. Image
Customer Deposits for @StanChartKE have consistently been increasing from Ksh232.77 billion in Q1:2019 to Ksh302.95 billion in Q1:2023. Image
2/6 @StanChartKE Limited's Loan to Deposit ratio (LDR) declined from 51.54% in 2020 to 45.26% in Q1 of 2023. This indicates that the bank is holding more deposits than it is lending out. Image
3/6 @StanChartKE Net Interest Income (NII) increased significantly to Ksh6.89 billion in Q1 of 2023. Although growth rates were volatile in the past years, the bank is now on an upward trend. Image
4/6 Non-Interest Income grew by 55.54% in Q1 of 2023, largely driven by Foreign exchange trading income which grew to Ksh2.19 billion in Q1:2023 from Ksh1.02 billion in Q1:2022. Image
5/6 Profitability is increasing. The Profit after tax grew from Ksh2.01 billion in 2020 to Ksh4.03 billion in Q1 of 2023. The bank's Cost to Income Ratio decreased from 51.98% in 2020 to 40.25% in Q1 of 2023, indicating their efficient operations. Image
6/6 Share Price declined from 161.82 in end Q1 of 2020 to 142.00 year to date. The Price to Book Ratio declined from 1.23 in Q1 of 2020 and currently at 0.89, indicating that the bank's stock is becoming more undervalued.
#banking #kenya #financialresults Image

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More from @TheAbojani

Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
Aug 20
MODEL BUDGET FOR A 32 YR OLD BANKER, EARNING 216K(NET), HAS A SMALL FAMILY AND PLANS TO START A BUSINESS SOON...

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His net income now stands at Ksh 216,000, a little higher than what he was earning even last year. They live in Athi River’s Greatwall apartments, paying Ksh 28,000 in rent. His wife is a creative freelancer, meaning her income comes in waves, sometimes big, sometimes very dry...
They have a one-year-old babygirl. His wife’s younger brother, who just finished highschool in 2024, now stays with them, and later this year he’ll be joining university. Kimani and his wife plan to support him through campus.

Additionally, Kimani has a car loan, which eats up Ksh 23,000 every month......
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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
Aug 6
#AbojaniTrueStorySeries
LOVE, LOANS & MATATUS.... HOW WE BUILT A RETIREMENT WE ENJOY

We met in 1980 at Egerton University, Njoro campus. I was doing B.Ed in Home Science and Agriculture. He was raining to be a History teacher. Those days, everyone just wanted to be a teacher. My parents had even subtly asked me to marry a Mwalimu!
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Unemployment was not as bad as it is this days. During our time, we would land huge jobs even while still in 3rd year. By the time we were graduating, we already knew just where we had both been posted to work.

It was in those few years post uni that we officialized our union. We did a traditional marriage then quickly rushed to do our small civil wedding. There was no time to plan a wedding since our hands were already full with work and with our baby.
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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
Aug 1
#AbojaniTrueStorySeries

I MADE MY FIRST MILLION AT 24, IT NEARLY RUINED ME.....🧵🧵

People like to say money changes you. But in my few years of experience in business and in these streets, I have learnt that money doesn’t change who you are. It just exposes what was already there. Loudly.

This year, I turned 33 years old. My LinkedIn reads, Founder of a logistics company in Industrial Area. I started this hustle at 21 with my father's laptop and a head full of ideas. I was done with mjengo jobs, tired of living hand-to-mouth. I knew I had something in me that could build.....
My life has been nothing short of chaotic, I never got a chance to go to campus. I never really paid full attention in my education. But I really regret not studying when I had the chance and all the support I needed. Anyway, recently, I have enrolled to a Diploma course to try my luck once again.
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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
Jun 16
Financial Management for Gen Z Entrepreneurs...🧵🧵

20s is a decade of firsts; first income, first rent, first shot at independence.

But no one really prepares you for what it costs to chase your dreams while figuring out how to make money, manage money, and not lose your mind in the process.

Across all facets, financial management is often the weakest link......
When you’re young, the temptation is to “wing it”, to assume you’ll clean things up later when you’re making more money. It is important to remember that:
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This is really just the season to learn, document, and grow slowly.
What to do as an entrepreneur??

1. Separate Yourself from the Business
Your business is not your M-Pesa line. It’s not your personal bank account. Start there.

Open a separate business till, bank account, or at the very least, dedicate a second M-Pesa line for business use. This creates clarity between what belongs to the business and what belongs to you.
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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 29
Ksh 1,000 and a Dream 🧵🧵

Investing is intimidating when all you have is a few thousand shillings in your account. The stock market seems too risky, bonds seem too expensive, and everything else sounds like it’s for people with money.

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MMFs → Bonds → Stocks

This is a simple ladder that will help you build wealth slowly, safely, and sustainably starting with 1K...Image
If you have Ksh 1,000 and you're wondering where to begin, don’t rush into stocks or complicated investments. Start with a Money Market Fund (MMF).

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Before you even think about making money, build a buffer. This is your financial cushion. A place where your money earns interest daily, yet remains easily accessible.

Once your MMF balance, excluding your emergency fund, grows to, say, Ksh 10,000 or 20,000, you're ready for the next step.
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Most Treasury Bonds require a minimum of Ksh 50,000 or Ksh 100,000, which means your MMF becomes a tool to accumulate this amount over time.

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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 28
THE 6 LAWS OF WEALTH 🧵

You can be hardworking, smart, but broke. Not because you’re lazy. Not because you don’t earn. But because the system was never built to teach you how to keep money.

Only how to chase it!

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Every single time you get paid, pay yourself first.
Not after rent. Not after bills. Not after Black tax.
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That 20% of your income should be a monthly ritual.Image
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