Post by Abojani Investment

FIVE ON FRIDAY by Abojani Investment Hello, and welcome to another Friday! #RockNRoll: All the banks listed on the Nairobi Securities Exchange PLC have now released their Q1 2025 results. It was a quarter in which even single-digit growth exceeded expectations but the trio of I&M Bank Ltd, Diamond Trust Bank & HFC Kenya still took the limelight with impressive growths in profitability. I&M Bank Ltd served investors with 2 chocolate bars boxed in +18% growth in after-tax profits to Ksh 3.93 billion with 26% coming from regional subsidiaries making it the fastest growing tier I NSE-listed bank with Diamond Trust Bank coming in 2nd(+8.8%). Overall, HFC Kenya was the fastest-growing bank in profitability among the listed banks (+118%), proving that it is worthy of greatness. BK Group PLC continues to shine the Rwandese flag at the Nairobi Securities Exchange PLC on efficiency #BecomingBig: KCB Bank Group remained the largest bank by asset base, deposits, loan book, profitability, and shareholders' funds with its total shareholder funds cozying up with the Ksh 300 billion mark, sitting at Ksh 297 billion as of the 31st of March, 2025. Equity Bank Limited shareholder funds crossed the Ksh 250 billion mark from Ksh 2 billion in 2006. I&M Bank Ltd shareholder funds stood at Ksh 99.9 billion and is set to join the coveted Ksh 100 billion mark. NCBA Group surpassed the Ksh 1 billion in regional subsidiaries' pre-tax profits in 3 months. #LevelsDontStop #WinningInNiches: NCBA Group digital banking profits stood at Ksh 1.5 billion(+15%), contributing to 22.5% of the total Q1 profits.Firing on all cylinders, the bank's unit trust customers grew by 50%, and total assets under management by its investments unit stood at Ksh 80 billion. Absa Bank Kenya's bancassurance unit danced past the Ksh 500m mark in quarterly pre-tax profits after it recorded Ksh 536 million in profits(+26%), remaining the most profitable bancassurance unit in Kenya. KCB Bank Group Bancassurance unit saw +21% growth in its net profits and is the industry leader in core insurance revenues. Equity Bank Limited Insurance Group recorded Ksh 414 million in profits before taxes(+26%). The #NewKid on the block, NCBA-IG posted Ksh 86 million in pre-tax profits as NSE-listed banks continue to show interest in the sector #EconomicEmpowerment: Standard Chartered Bank Kenya recorded a +34.4% growth in assets under management from Ksh 186 billion in Q1 2024 to Ksh 250 billion in Q1 2025. This stood at only Ksh 19 billion in 2016. Equity Bank Limited announced that 8% of its group loan book consists of lending to the food & agriculture sector. #WinWithTheMasses #AndFinally: Tomorrow, we are hosting a watch party for the finals of the Champions League. #DreamsNDollars Today's feature is dedicated to the African Literary icon and son of the soil Ngugi Wa Thiong'o. May his soul rest in eternal peace.