*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.

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

2021 Quarterly comparison
Q1---Ksh.2.57bn
Q2---Ksh.2.25bn

Are you mixing up the bank and the holding company?

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.

-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)

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.

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 ?