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Stanbic FY2017 PAT down 2% to ksh.4.3bn
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Ericsson
#1 Posted : Monday, March 05, 2018 11:26:26 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Stanbic Holdings Plc recorded a KSh4.3 billion PAT in the year ended 31st Dec 2017.
This translates to a marginal 2% dip in profits compared to the previous year.

The performance was driven by an increase in non-interest revenue which stood at KSh8.4 billion, compared to KSh7.6 billion the previous year.

Stanbic Bank’s customer deposits grew from KSh119.3 billion in 2016 to KSh154.7 billion last year. Customer loans and advances also grew by 13% year on year to stand at KSh130.5 billion.

Our brokerage arm SBG Securities 2017 bounced back from a loss of Ksh7 million in 2016 to post a Ksh32 million profit last year. They closed the year with 16.38% of the equities market share (2nd place).
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#2 Posted : Monday, March 05, 2018 11:34:50 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Stanbic Holdings Plc recorded a KSh4.3 billion PAT in the year ended 31st Dec 2017.
This translates to a marginal 2% dip in profits compared to the previous year.

The performance was driven by an increase in non-interest revenue which stood at KSh8.4 billion, compared to KSh7.6 billion the previous year.

Stanbic Bank’s customer deposits grew from KSh119.3 billion in 2016 to KSh154.7 billion last year. Customer loans and advances also grew by 13% year on year to stand at KSh130.5 billion.

Our brokerage arm SBG Securities 2017 bounced back from a loss of Ksh7 million in 2016 to post a Ksh32 million profit last year. They closed the year with 16.38% of the equities market share (2nd place).



Non interest income did well.These means in 2-3 years time,effects of interest cap will be over and banks will return to improved profits YoY.
Towards the goal of financial freedom
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Pesa Nane
#3 Posted : Monday, March 05, 2018 1:14:46 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#4 Posted : Monday, March 05, 2018 1:20:19 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Final Div. Ksh 4.00 Applause Applause
Closure 13 Dec 2018
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#5 Posted : Monday, March 05, 2018 1:30:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Pesa Nane wrote:
Quote:
Final Div. Ksh 4.00 Applause Applause
Closure 13 Dec 2018


Aiii is this normal.
Dividends are supposed to be paid within 6 months after announcing results.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#6 Posted : Monday, March 05, 2018 1:43:12 PM
Rank: Member

Joined: 5/6/2008
Posts: 199

Dividend closure 13 Jun 2018.
Interesting Auditor's report too. Especially on Director's remuneration
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Ericsson
#7 Posted : Monday, March 05, 2018 1:47:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
tandich wrote:

Dividend closure 13 Jun 2018.
Interesting Auditor's report too. Especially on Director's remuneration


Indeed very interesting.Something fishy happening there
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#8 Posted : Monday, March 05, 2018 2:29:04 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
Quote:
Final Div. Ksh 4.00 Applause Applause
Closure 13 Dec 2018


What?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Pesa Nane
#9 Posted : Monday, March 05, 2018 3:13:19 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Pesa Nane wrote:
Quote:
Final Div. Ksh 4.00 Applause Applause
Closure 13 Dec 2018


Aiii is this normal.
Dividends are supposed to be paid within 6 months after announcing results.


My error. 13 June 2018
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#10 Posted : Monday, March 05, 2018 3:26:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Stanbic Holdings Plc recorded a KSh4.3 billion PAT in the year ended 31st Dec 2017.
This translates to a marginal 2% dip in profits compared to the previous year.

The performance was driven by an increase in non-interest revenue which stood at KSh8.4 billion, compared to KSh7.6 billion the previous year.

Stanbic Bank’s customer deposits grew from KSh119.3 billion in 2016 to KSh154.7 billion last year. Customer loans and advances also grew by 13% year on year to stand at KSh130.5 billion.

Our brokerage arm SBG Securities 2017 bounced back from a loss of Ksh7 million in 2016 to post a Ksh32 million profit last year. They closed the year with 16.38% of the equities market share (2nd place).



Non interest income did well.These means in 2-3 years time,effects of interest cap will be over and banks will return to improved profits YoY.


Not that easy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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