Stanbic Holdings Plc · NSEKE:SBIC
Stanbic — H1 2025 Earnings Presentation
29 slides from Stanbic's earnings presentation, Aug 7, 2025
Slide 1: H1 2025 Financial Results
STANBIC HOLDINGS Plc K E N YA I S O U R H O M E , W E D R I V E H E R GROWTH H1 2025 FINANCIAL RESULTS 7TH AUGUST 2025
Slide 2: Opening Remarks, Operating Environment, Financial Outcomes
Opening Remarks Operating Environment Financial Outcomes Joseph Muganda Patrick Mweheire Dennis Musau Chairman, Stanbic Group Chief Executive, Chief Financial and Holdings Plc Stanbic Holdings Plc Value Officer
Slide 3: Opening Remarks
01 Joseph Muganda Chairman, Stanbic Holdings Plc OPENING REMARKS
Slide 4: Interim Dividend Per Share
INTERIM DIVIDEND PER SHARE Kes 3.80 JUNE 2024 : 1.84
Slide 5: Our Operating Environment
02 Patrick Mweheire Group Chief Executive Stanbic Holdings Plc OUR OPERATING ENVIRONMENT
Slide 6: Who We Are
Who We Are CUSTOMERS STANBIC HOLDINGS PLC 310K H1 2024: 284K BRANCHES Our Purpose BANKING ENTITIES NON-BANKING ENTITIES Kenya / South Sudan is our 30 home, we drive her growth. H1 2024:30 ATMs Stanbic Bank Kenya Ltd SBG Securities Ltd 59 H1 2024: 54 CDMs Stanbic Bancassurance Our Vision Intermediary
Slide 7: Global Operating Environment: Navigating Ripple Effects of Geopolitical Dynamics
Global Operating Environment: Navigating Ripple Effects of Geopolitical Dynamics US Policy Shifts Global economies are grappling with the ripple effects of global trade tensions Trade Tariffs Steep Increases in US tariffs toward protecting domestic industries Foreign Aid Cuts Poses fiscal and extern
Slide 8: Regional Outlook: Regional Integration, Resilient Markets and Investment Potential
Regional Outlook: Regional Integration, Resilient Markets and Investment Potential Nominal GDP, 2024, USD East African Countries Analysis North Africa GDP ~ $ 946 Real GDP G.R (%) – 3.6 Population (m) – 256 Real GDP 2024, Real GDP Growth, Population 2024, Population Growth, USD 2024, % Million 2023
Slide 9: Regional Economic Environment: Modest Optimism and Stability
Regional Economic Environment: Modest Optimism and Stability GDP Growth Inflation Trends 6.3% 6.0% 13.2% 5.6% 4.7% 5.2% 4.6% 6.0% 5.1% 5.5% 2.5% 4.0% Kenya Uganda Tanzania S. Sudan ** 6.6% 4.6% 3.9% 3.9% 3.0% 3.8% 3.9% 3.1% 3.1% 3.3% 2.3% -27.6% H1 2024 FY 2024 H1 2025 2023 2024 2025 F * Kenya Ugand
Slide 10: Kenya's Economic Outlook: Stabilizing Macros Amid Gradual Recovery and Fiscal Pressures
Kenya’s Economic Outlook: Stabilizing Macros Amid Gradual Recovery and Fiscal Pressures Industry Credit Trends GDP Growth Kenyan Economy in 2025 5.6% 5.2% 5.0% 4.6% 4.7% 16.3% 16.7% 16.4% 17.2% 17.6% 4.0% Resilient GDP growth supported by increased agricultural productivity and 4.0% 2.0% continued d
Slide 11: Operating Environment: Navigating Shifting Operating Dynamics
Operating Environment: Navigating shifting Operating Dynamics Recovering private Stable foreign Resumption of South Well anchored Resilient diaspora sector credit growth exchange boosting Sudan oil exports inflation Remittances volumes Tailwinds Headwinds Sharp decline in Muted FX volatility Pending
Slide 12: Our 2024/26 Strategy
Our 2024/26 Strategy Strategic priorities Transform Client Execute With Drive Sustainable Growth Experience Excellence and Value Outcomes 14 - 16% +50 41 - 43% <9% 23 - 25% REVENUE GROWTH CAGR NPS SCORE COST-TO-INCOME RATIO NPL RATIO RETURN ON EQUITY Success Pillars CLIENT FOCUS + EMPLOYEE ENGAGEMEN
Slide 13: Executing Our Strategy: Transforming Client Experience
Executing Our Strategy: Transforming Client Experience Sovereign Support ❖ Successfully facilitated a $1.5Bn Eurobond transaction ❖ Support oil importation USD 97m facility Client Focus and Build Middle Markets ❖ 4x increase in Scheme disbursement Employee Engagement Asset Management business ❖ Kes
Slide 14: Executing Our Strategy: Executing With Excellence
Executing Our Strategy: Executing With Excellence Mobile Banking Platform Enhancement ❖ 3 Application releases with multiple features Physical Infrastructure Revamp Operational Excellence and ❖ Modernization of Galleria Mall, Nanyuki, Westgate, Chiromo Head Risk Management Office Risk Management ❖ N
Slide 15: Executing Our Strategy: Sustainable Growth & Value
Executing Our Strategy: Sustainable Growth & Value Infrastructure Development and Just Energy Transition ❖ Kes 4.5Bn Green Building Loan Issued ❖ Kes 1.2Bn Climate Smart Agriculture ❖ Over Kes 14m solar financing Climate Change and Mitigation Stanbic Holdings ❖ 30k trees planted ❖ All loans above US
Slide 16: Financial Outcomes
03 Dennis Musau Chief Financial and Value Officer FINANCIAL OUTCOMES
Slide 17: Our Operating Landscape: Post-Volatility Normalization, Diminishing Tailwinds
Our Operating Landscape: Post-Volatility Normalization, Diminishing Tailwinds FX Volatility Gains Elevated interest rates & Cost of Funding Decline of Interest Income
Slide 18: Banking Sector Performance: Soft Industry Performance (Q1 2025)
Banking Sector Performance: Soft Industry Performance (Q1 2025) Kes "Bn" Q1 2025 Q1 2024 % Change Net Interest Margin (NIM) Credit Loss Ratio (CLR) Interest Income 202 201 0 Interest Expense Q1 2025: 6.4% Q1 2025: 1.9% (80) (92) 13 Q1 2024: 5.8% Q1 2024: 2.0% Net Interest Income 122 110 11 0.5% 0.1%
Slide 19: Stanbic Holdings: Summary Statement of Financial Position
Stanbic Holdings: Summary Statement of Financial Position Kes millions H1 2025 FY 2024 H1 2024 YoY Change % TOTAL ASSETS CUSTOMER LOANS Kes 473.7BN Kes 233.5BN Assets Financial investments Loans and advances to banks 108,387 75,271 99,190 64,486 74,600 122,557 45.3 (38.6) 4.9% 2.3% Loans and advance
Slide 20: Loan Book Remains Steady in a Tough Macro Economic Environment
Loan Book Remains Steady in a Tough Macro Economic Environment Gross Loans movement schedule Kes 'Millions Loans and Advances Composition by Business Units 117,049 596 63% 62% (4,071) 258,303 252,111 (119,766) 22% 21% 16% 17% CIB BCB PPB Jun-24 Additions FX Impact Write offs Repayments Jun-25 H1 202
Slide 21: Balance Sheet Structure
Balance Sheet Structure Realignment of Deposit Book considering Rate Changes Customer Deposits Composition by Business Unit 75% 69% 51% 49% 25% 26% 26% 31% 23% 25% Term CASA CIB BCB PPB H1 2024 H1 2025 H1 2024 H1 2025 Trend of average 91-day T-bill rates Loan Composition by Product 6% 14% 16.0% 15.8
Slide 22: Summary Statement of Profit and Loss
Stanbic Holdings Half One Summary Statement of Profit and Loss H1 2025 H1 2024 REVENUE NET INTEREST MARGIN (NIM) Kes 19.4Bn 5.93% % Change Kes m Kes m Net interest income 11,827 12,553 (5.8) 3.3% 0.4% Non-interest revenue 7,621 7,558 0.8 CREDIT LOSS RATIO (CLR) IMPAIRMENT Total income 19,449 20,111
Slide 23: Aggressive Rate Cuts, Weaker FX Margins and Strong Growth in Fee Income
Aggressive Rate Cuts, Weaker FX Margins and Strong Growth in Fee Income Net Interest Income Non- Interest Revenue (24%) 24.8 7.62 1% 7.56 18.8 (43%) (6%) 4.0 9% 3.7 12.2 11.8 12.6 6.9 (7%) 3.6 3.9 Interest Income Interest Expense Net Interest Income H1 2025 H1 2024 H1 2025 H1 2024 Trading Revenue Ot
Slide 24: Base Effects, Significant Investments and Once-off Operational Costs in Prior Year
Base Effects, Significant Investments and Once-off Operational Costs in Prior Year Operating Expenses (16%) 9.4 9.4 8.1 (16%) 8.1 4.8 (32%) 3.7 26% 1.4 2.0 4.5 (2%) 4.5 Credit Impairments Total Costs H1 2025 H1 2024 H1 2025 H1 2024 Staff Costs Other Operating Expenses Cost to Income Ratio (CTI) Key
Slide 25: Credit Risk: Stable, NPLs Outperform Industry
Credit Risk: Stable, NPLs Outperform Industry NPL & CLR Trend Risk Profile of the Loan book 16.30% 16.40% 17.60% Industry 10.31% 9.11% 9.50% 7.87% 8.50% 9.30% 9.44% 9.11% 9.50% 81.79% 82.38% 81.20% 1.30% 1.16% 1.19% H1 2024 FY 2025 H1 2025 H1 2024 FY 2024 H1 2025 NPL Stage 1 Stage 2 Stage 3 Trend Pr
Slide 26: Capital and Funding: Solid to Drive Business Growth
Capital and Funding: Solid to Drive Business Growth Funding Total Capital Ratio Liquidity Ratio 18.90% 54.40% 52.80% 16% 14% 16.40% 8% 6% 2% 3% 4% 6% 14.5% 20.0% 70% 72% H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 Customers Deposits Deposits from banks Core Capital to RWA Core Capital to RWA Bor
Slide 27: Financial Outcomes: Subsidiaries/Branch Contribution
Financial Outcomes: Subsidiaries/Branch Contribution STANBIC BANK STANBIC BANK KENYA (SOUTH SUDAN BRANCH LIMITED OPERATIONS) H1 2025 Growth YoY PAT Kes 6.4b (10%) SBG SECURITIES LIMITED STANBIC HOLDINGS PLC PAT: 6.5B H1 2025 Growth YoY YOY GROWTH: (9%) PAT Kes 23m 59% STANBIC BANCASSURANCE INTERMEDI
Slide 28: Q&A
Q&A
Slide 29: Thank You
THANK YOU