Standard Chartered Bank Kenya Half Year 2016 Financial Highlights are as follows:
- Total Interest Income went up by 21% to KES 13 Billion compared to KES 10.8 Billion in 2015. Interest Income was triggered by an 8% increase in loans and advances to KES 7.7 Billion, a 49% increase in interest from Government Securities to KES 4.7 Billion and a 140% increase in Other interest income to KES 193 Million.
- Interest Expenses increased by 51% from KES 2 Billion to KES 3 Billion.
- Net Interest Income was up by 14% to KES 9.9 Billion compared to KES 8.7 Billion in H1 2015.
- Total Non-Interest Income was up by 32% to KES 4.5 Billion compared KES 3.4 Billion in a similar period in 2015. The catalyst here was Foreign Exchange Trading Income which went up by 49% to KES 1.567 Billion. Other fees and commissions were up by 11% to KES 2 Billion.
- Total Other Operating Expenses were up by 6% to KES 7 Billion compared to KES 6.6 Billion in H1 2015.
- Profits before tax went up by 34% to KES 7.4 Billion compared to KES 5.6 Billion in a similar period in 2015.
- Profits after tax stood at KES 5.2 Billion for HY 2016 indicating an increase of 35% compared to KES 3.9 Billion posted in HY 2015.
- Total Non Performing Loans and Advances jumped by 87% to KES 11.3 Billion in HY2016 compared to KES 6 Billion in HY2015.
- The Board of Directors declared a total dividend of KES 2.1 Billion amounting to KES 6.00/share.
Standard Chartered Bank Kenya H1 2016 Results.pdf
In the Nairobi Securities Exchange, Standard Chartered closed Wednesday’s (17th Aug) session at KES 210.00/Share. On a year-to-date basis Standard Chartered’s share price is up by around 15% (see chart below)
Sources: (Standard Chartered, Kenyan WallStreet, Financial Times)
