BK Group FY 2023 earnings increased to US$59.4m from US$54.5m year prior

Published On: April 29, 2024By Tags: Southern-Africa

BK Group Plc FY 2023 earnings increased by 27% to US$59.4 million from US$54.5 million in the year prior.


  • Return on Equity up to 20% vs 19% in 2022.
  • Net interest margin/total assets increased to 7.8% from 7.4%, while loans were up by 18% to US$1.1 billion.
  • Corporate loans constitute 80% of the loan portfolio, while retail loans make up 13%.
  • Cost/Income ratio decreased to 43% from 48% compared to the previous year.

Investor Issues

  • Over the last 15 years, the Group has consistently shown robust growth in earnings.
  • The dual listing in Nairobi offers an opportunity for engagement with institutional investors based in Kenya.

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