Many Kenyan commercial banks have released their annual financial results for 2023. As expected, all those that have released their results have made profits with hefty payouts to their shareholders.
Five of the listed banks released their FY’2023 results last week. I&M Group released its FY’2023 financial results, with its Core Earnings per Share (EPS) increasing by 15.2% to Kshs 8.1, from Kshs 7.0 in FY’2022. The bank recorded a Profit After Tax of KES 13.3 billion for the year ended 31st December 2023. The regional financial services provider with operations in Kenya, Rwanda, Tanzania, Uganda, and Mauritius, attributed the 15% profit growth to an increase in operating income.
NCBA Group Kenya, also released its FY’2023 financial results, with its Core Earnings per Share (EPS) increasing by 55.7% to Kshs 13.0, from Kshs 8.4 in FY’2022. The Group posted a profit after tax of KES 21.5 billion in its Full Year 2023 results which is a 56 per cent increase compared to KES 13.8 billion reported during a similar period in 2022.
Diamond Trust Bank Kenya released its FY’2023 financial results, with its Core Earnings per Share (EPS) increasing by 14.7% to Kshs 27.9, from Kshs 24.3 in FY’2022.
Equity Group Holdings released its FY’2023 financial results, with its Core Earnings per Share (EPS) decreasing by 5.1% to Kshs 11.6, from Kshs 12.2 in FY’2022. The Group proposed a record dividend of Kshs.15.1 billion for a second year running.
“The Kshs. 4 per share dividend amounts to a 36% payout of the Kshs.43.7 billion Profit After Tax or Kshs 11.1 earnings per share and a dividend yield of 11.9% on the 2023 year-end closing share price of Kshs.33.65 or 800% on par value,” said James Mwangi of Equity.
HF Group released its FY’2023 financial results, with its Core Earnings per Share (EPS) increasing by 46.2% to Kshs 1.0, from Kshs 0.7 in FY’2022.
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