Standard Chartered Plc · LSE:STAN
Standard Chartered — Standard Chartered Bank Kenya — FY2024 Earnings Presentation
19 slides from Standard Chartered's earnings presentation, Mar 19, 2025
Slide 1: Full Year 2024 Results and Strategy Update
PUBLIC Full Year 2024 Results and Strategy Update 19 March 2025 1
Slide 2: Excellent execution of strategy confirmed by a strong set of results
PUBLIC STRATEGY Excellent execution of strategy confirmed FINANCIAL RESULTS CONCLUSION by a strong set of results Strategy update • Continued strong execution of strategic priorities. 1 • Clear focus on chosen segments and corridors. Kariuki Ngari • Continued sharpening of strategy to focus on our s
Slide 3: Our strategy
PUBLIC STRATEGY Our strategy FINANCIAL RESULTS CONCLUSION 3
Slide 4: Corporate and Investment Banking
Corporate and Investment Banking PUBLIC STRATEGY FINANCIAL RESULTS Differentiated cross-border opportunities to clients CONCLUSION Our Strategic Advantages Network presence • Network presence in the most dynamic markets. Europe 53% • Digital capabilities. • Strong trade product proposition. America
Slide 5: Wealth and Retail Banking
Wealth and Retail Banking PUBLIC STRATEGY FINANCIAL RESULTS Leading wealth management expertise CONCLUSION Our Strategic Advantages Progress – wealth AUMs (KShs bn) 1 • Strong wealth management expertise. CAGR 3 26% • Diversified investment options – both local and foreign. • Access to international
Slide 6: Sustainability
PUBLIC STRATEGY Sustainability FINANCIAL RESULTS A key differentiator for us CONCLUSION Sustainable Finance Responsible Company Inclusive Communities • Sustainable finance revenue up • 79% reduction in carbon • 616,000 trees planted in to KShs 3.0bn from KShs 1.27bn. emissions from 2023. 2024 hittin
Slide 7: Excellent execution of strategy delivers record financial performance
PUBLIC STRATEGY FINANCIAL RESULTS CONCLUSION Excellent execution of strategy delivers record financial performance Chemutai Murgor Chief Financial Officer 7
Slide 8: Record performance: Profit Before Tax up 43% vs 2023
PUBLIC STRATEGY Record performance: Profit Before Tax up 43% vs 2023 FINANCIAL RESULTS CONCLUSION Income Statement (KShs bn) FY’24 FY’23 YoY Performance highlights Net interest income 33.3 29.3 13% • 13% growth in net interest income from client Non-interest income 17.4 12.4 40% assets, increased in
Slide 9: Well optimised and diversified balance sheet
PUBLIC STRATEGY Well optimised and diversified balance sheet FINANCIAL RESULTS CONCLUSION Balance Sheet (highlights KShs bn) FY’24 FY’23 YoY Performance highlights Assets • Local currency client assets increased 2% despite Balances due from CBK 28.2 38.9 (28%) Government & other securities 98.8 69.6
Slide 10: Robust balance sheet: Stable high-quality funding
PUBLIC STRATEGY Robust balance sheet: Stable high-quality funding FINANCIAL RESULTS CONCLUSION 500.0 Earning assets (KShs bn) YoY Performance highlights 450.0 Government Securities 49% Customer loans Other earning assets Customer loans to earning assets 400.0 365.9 330.1 (10%) 350.0 341.6 47% • Cust
Slide 11: Robust management of loan book, single digit NPL
PUBLIC STRATEGY Robust management of loan book, single digit NPL FINANCIAL RESULTS CONCLUSION Credit Quality (KShs bn) YoY Performance highlights 200 Stage 1+2 Stage 3 NPL Ratio 18.0% 180 16.0% 16.0% 16.0% • Impairment losses on loans and advances 160 14.3% 17.2 decreased by KShs 1bn reflecting cont
Slide 12: Strong capital ratios to support balance sheet growth
PUBLIC STRATEGY Strong capital ratios to support balance sheet growth FINANCIAL RESULTS CONCLUSION Capital (KShs bn) YoY Performance highlights Core Supplementary 51.4 54.3 6% 46.7 47.4 • Robust capital position supporting 45.7 0.2 0.2 growth in risk weighted assets whilst 6.5 5.9 5.3 sustainably ge
Slide 13: Increased investments anchoring our digital strategy: CIR at 39.6%
PUBLIC STRATEGY Increased investments anchoring our digital strategy: CIR at 39.6% FINANCIAL RESULTS CONCLUSION Investments versus operating expenses (KShs bn) YoY Performance highlights 20.1 8% Opex Investments 18.7 16.1 15.6 3.6 - 3.6 14.5 2.0 2.5 2.4 • Expenses up 8% YoY to fund business growth a
Slide 14: Strong and resilient performance across segments
PUBLIC STRATEGY Strong and resilient performance across segments FINANCIAL RESULTS CONCLUSION Segment CIB WRB C&O Performance highlights (KShs bn) FY'24 FY'23 ∆YoY FY'24 FY'23 ∆YoY FY'24 FY'23 ∆YoY Corporate and Institutional Banking (CIB) Net interest income 13.5 11.2 21% 16.6 13.8 20% 3.2 4.3 (26%
Slide 15: Delivering on our strategy
PUBLIC STRATEGY FINANCIAL RESULTS CONCLUSION Delivering on our strategy Record financial performance Record growth in shareholder returns Kariuki Ngari Managing Director and Chief Executive Officer 15
Slide 16: Delivering record growth in shareholder returns
PUBLIC STRATEGY Delivering record growth in shareholder returns FINANCIAL RESULTS CONCLUSION Earnings Per Share (EPS - KShs) Dividend Per Share (DPS – KShs) Payout 55% Ratio 75% 81% 70% 80% 85% 45.0 46% Final Interim 52.6 29.0 36.2 37.0 31.5 22.0 19.0 23.5 23.0 16.0 14.0 10.5 14.0 10.5 6.0 6.0 8.0 5
Slide 17: Financial Performance Summary
PUBLIC STRATEGY Financial Performance Summary FINANCIAL RESULTS CONCLUSION KShs 50.7bn KShs 20.1 bn KShs 28.2bn Operating Income Operating expenses Profit Before Tax (+21%, FY’ 23: KShs 41.7 bn) (↑8%, CIR 39.6% FY’ 23 44.8% ) (+43%, FY’ 23: KShs 19.6 bn) KShs 52.6 KShs 45.0 KShs 17bn Earnings Per Sh
Slide 18: 2025 and beyond
PUBLIC STRATEGY 2025 and beyond FINANCIAL RESULTS CONCLUSION Outlook Playing to our strengths • Normalising macro-economic conditions of • Provision of differentiated cross-border stable currency, reducing interest rates and low capabilities and personalised wealth solutions to inflation. clients wi
Slide 19: Q&A
Cross-border Combining differentiated cross-border capabilities...
Standard Chartered Bank Kenya — FY2024 Earnings Presentation on 6ix