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Stanbic Holdings FY2021 - FY2025
VituVingiSana
#1 Posted : Friday, March 05, 2021 11:29:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
*A little history as we look forward. And the FY20 dividend will be paid during FY21.
FY2020

PBT 6.2bn
PAT 5.19bn
DPS ksh.3.80
Book Closure 21 May 2021

https://www.nse.co.ke/ph...r-ended-31-dec-2020.pdf

https://mobile.twitter.c...7712272127303680/photo/1

https://youtu.be/EBNrS9NlK30

The overall message from Stanbic seems positive going into 2021 but elections are coming in 2022 and COVID remains a threat in 2021.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#2 Posted : Saturday, March 06, 2021 1:50:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Quarter by quarter comparison
Q1---ksh.2.1bn
Q2---Ksh.2bn
Q3---Ksh.1.3bn
Q4---Ksh.0.8bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#3 Posted : Friday, August 13, 2021 8:14:47 AM
Rank: Member


Joined: 7/1/2014
Posts: 856
Location: sky
Stanbic Holdings [@StanbicKE] H1 2021 results [vs H1 2020]:

- Total Assets Kshs 329.55B
- Net Interest Income up 9.5% to 6.9B
- Customer deposits down 9.4%
- Loan book down 11.7%
- PBT up 16.71% [Kshs 4.82B]
- PAT Kshs 3.5B
- EPS 8.86
- DPS 1.7 [2020: Nil]
courtesy of mwango capital
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
xtina
#4 Posted : Friday, August 13, 2021 10:09:58 AM
Rank: Member


Joined: 6/26/2008
Posts: 352
This is very welcome considering how Centum shafted us.
Ericsson
#5 Posted : Sunday, August 15, 2021 8:27:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
2021 Quarterly comparison
Q1---Ksh.2.57bn
Q2---Ksh.2.25bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
McGill
#6 Posted : Monday, August 16, 2021 12:28:58 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 72
littledove wrote:
Stanbic Holdings [@StanbicKE] H1 2021 results [vs H1 2020]:

- Total Assets Kshs 329.55B
- Net Interest Income up 9.5% to 6.9B
- Customer deposits down 9.4%
- Loan book down 11.7%
- PBT up 16.71% [Kshs 4.82B]
- PAT Kshs 3.5B
- EPS 8.86
- DPS 1.7 [2020: Nil]
courtesy of mwango capital


Hey guys. Can you help me understand something here. Q1 net earnings was 1.9billion and EPS was 11.04. So how then is the EPS for H1 8.86 when net earnings is 3.5B? I don't remember the number of shares being increased. Why isn't the H1 EPS higher than Q1 EPS despite the huge jump in net earnings?
cnn
#7 Posted : Monday, August 16, 2021 2:19:41 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,592
McGill wrote:
littledove wrote:
Stanbic Holdings [@StanbicKE] H1 2021 results [vs H1 2020]:

- Total Assets Kshs 329.55B
- Net Interest Income up 9.5% to 6.9B
- Customer deposits down 9.4%
- Loan book down 11.7%
- PBT up 16.71% [Kshs 4.82B]
- PAT Kshs 3.5B
- EPS 8.86
- DPS 1.7 [2020: Nil]
courtesy of mwango capital


Hey guys. Can you help me understand something here. Q1 net earnings was 1.9billion and EPS was 11.04. So how then is the EPS for H1 8.86 when net earnings is 3.5B? I don't remember the number of shares being increased. Why isn't the H1 EPS higher than Q1 EPS despite the huge jump in net earnings?

Are you mixing up the bank and the holding company?
McGill
#8 Posted : Monday, August 16, 2021 6:05:17 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 72
cnn wrote:
McGill wrote:
littledove wrote:
Stanbic Holdings [@StanbicKE] H1 2021 results [vs H1 2020]:

- Total Assets Kshs 329.55B
- Net Interest Income up 9.5% to 6.9B
- Customer deposits down 9.4%
- Loan book down 11.7%
- PBT up 16.71% [Kshs 4.82B]
- PAT Kshs 3.5B
- EPS 8.86
- DPS 1.7 [2020: Nil]
courtesy of mwango capital


Hey guys. Can you help me understand something here. Q1 net earnings was 1.9billion and EPS was 11.04. So how then is the EPS for H1 8.86 when net earnings is 3.5B? I don't remember the number of shares being increased. Why isn't the H1 EPS higher than Q1 EPS despite the huge jump in net earnings?

Are you mixing up the bank and the holding company?


Hello CNN. Thanks alot. I was indeed confusing the two.
Ericsson
#9 Posted : Friday, October 15, 2021 10:06:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
https://www.dailymaveric...-0-gqNtZGzNAnujcnBszQjl

Liberty holdings to be 100% owned by Standard Bank.
Will the same be replicated in Kenya where listed Liberty holdings will be swallowed into Stanbic Holdings and delisted.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#10 Posted : Friday, October 15, 2021 10:35:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
Ericsson wrote:
https://www.dailymaverick.co.za/article/2021-10-14-64-and-out-liberty-shareholders-vote-yes-to-standard-bank-buy-out/?__cf_chl_jschl_tk__=pmd_qumRzOq5TzOK8rONlCThXMInWgCCamJ6fN2zNNnWwe4-1634322736-0-gqNtZGzNAnujcnBszQjl

Liberty holdings to be 100% owned by Standard Bank.
Will the same be replicated in Kenya where listed Liberty holdings will be swallowed into Stanbic Holdings and delisted.
I hope so at a nice premium to the traded price or at NAV smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#11 Posted : Thursday, March 03, 2022 4:34:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
-Stanbic full Year PreTax Profit Up 57%, total dividend payout will represent 50% of the Company’s profit for the year and a 137% increase from last year’s amount.
The Company also announced a KES 2.9 billion final dividend bringing the total dividend for the year to KES 3.6 billion, considering it paid KES 0.7 billion in interim paid in August 2021.
Once approved at the annual general meeting, the total dividend payout will represent 50% of the Company’s profit for the year and a 137% increase from last year’s amount.

Total Assets +0.08% to KES 328.9B
- Customer Deposits -2.1% to KES 254.6B
- Net Int Income +12.3% to KES 14.4B
- Loan Loss Provision -48.2% to KES 2.5B
-PAT +38.8% to KES 7.2B
-DPS KES 9 vs (2020: 3.8)
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#12 Posted : Thursday, March 03, 2022 4:44:56 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
The growth in net earnings is down to reduced provisions for bad debt. There was not much headline growth. As a matter of fact they lost about 5B in customer deposits - I wonder to which bank, this breaks a trend of growth in deposits in prior years.

Great that they have surpassed pre-covid dividend levels. I hope this is a trend that we shall see when the rest of the banks report.
VituVingiSana
#13 Posted : Friday, March 04, 2022 11:16:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
My 2 cents wrote:
The growth in net earnings is down to reduced provisions for bad debt. There was not much headline growth. As a matter of fact they lost about 5B in customer deposits - I wonder to which bank, this breaks a trend of growth in deposits in prior years.

Great that they have surpassed pre-covid dividend levels. I hope this is a trend that we shall see when the rest of the banks report.

There is nothing wrong is reducing the size of the balance sheet (deposits) when times are tough. Expensive (FDRs) deposits force banks to lend to riskier clients. South Sudan also comes under Kenya and 2021 wasn't great for South Sudan either.

Now that the economy is opening up, one can expect a growth in business.

Unlike some banks, Stanbic has a decent ROE and the dividend payout is consistent with their growth or lack thereof. Stanbic cannot grow outside of Kenya where SAHL is.

Equity is being sensible by buying the bank in DRC.
KCB is struggling to buy what it can but seems to pay a premium.
SCBK is like Stanbic. I expect ABSA will do the same.

I&M is gradually growing.
DTB has the worst dividend among similar listed banks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#14 Posted : Saturday, April 09, 2022 12:33:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
https://www.businessdail...d-to-settle-row-3775078

Long way to go but a step at a time to recover monies lost. Any idea who the contractor is that Stanbic is trying to recover money from?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
littledove
#15 Posted : Saturday, August 20, 2022 10:51:50 AM
Rank: Member


Joined: 7/1/2014
Posts: 856
Location: sky
https://www.businesslive.co.za/bloomberg/news/2022-08-19-stanbic-bank-kenya-sees-home-loans-booming/#:~:text=Stanbic%20Bank%20Kenya%2C%20a%20unit,presidential%20elections%20brings%20political%20stability.
Stanbic Bank Kenya, a unit of Africa’s biggest lender by assets, forecasts its mortgage business in the nation to surge as the economy recovers from the pandemic and the end of presidential elections brings political stability.

The unit of SA’s Standard Bank Group says it’s Kenya’s second-largest mortgage lender and demand for the product is surging. That in part will help the bank’s lending to expand in the “high double digits,” said CFO Dennis Musau.
“The pipeline we have for that area is close to three or four times of what we’ve been able to lend,” Musau said in an interview. “So it’s very, very healthy.”
...........
Meanwhile, Stanbic said it will skip an interim dividend, choosing instead to invest in its various businesses.

“The one thing that shareholders would like more than an interim dividend is an even better performance in ensuring that we drive growth of the business for the rest of the year — that’s the thinking behind the dividend decision,” Musau said.

alot of sweet words concerning mortgage financing in kenya. Note that the housing finance, a leading mortgage financier is on sale.
They have skipped interim dividend which is unusual, im i reading too much ?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
My 2 cents
#16 Posted : Saturday, August 20, 2022 12:39:31 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
littledove wrote:
https://www.businesslive.co.za/bloomberg/news/2022-08-19-stanbic-bank-kenya-sees-home-loans-booming/#:~:text=Stanbic%20Bank%20Kenya%2C%20a%20unit,presidential%20elections%20brings%20political%20stability.
Stanbic Bank Kenya, a unit of Africa’s biggest lender by assets, forecasts its mortgage business in the nation to surge as the economy recovers from the pandemic and the end of presidential elections brings political stability.

The unit of SA’s Standard Bank Group says it’s Kenya’s second-largest mortgage lender and demand for the product is surging. That in part will help the bank’s lending to expand in the “high double digits,” said CFO Dennis Musau.
“The pipeline we have for that area is close to three or four times of what we’ve been able to lend,” Musau said in an interview. “So it’s very, very healthy.”
...........
Meanwhile, Stanbic said it will skip an interim dividend, choosing instead to invest in its various businesses.

“The one thing that shareholders would like more than an interim dividend is an even better performance in ensuring that we drive growth of the business for the rest of the year — that’s the thinking behind the dividend decision,” Musau said.

alot of sweet words concerning mortgage financing in kenya. Note that the housing finance, a leading mortgage financier is on sale.
They have skipped interim dividend which is unusual, im i reading too much ?


Customer deposit growth is flatlining. My guess is that they are retaining dividends to improve their cash position.

Here is an interview with the CFO
https://www.businessdail...th-dennis-musau-3918850

I don't find him too convincing.
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