In this episode recorded on 19.03.2024, we host Yusuf Omari - Finance Director, Absa Bank Kenya, to deep-dive into the bank's FY 2023 results. We also cover FX depreciation, exposure to government securities, risk-based pricing model, the cost of risk, and mark-to-market losses. Subscribe to get notified when we make a new post. Show Notes 00:00:00 Introduction 00:01:23 Overview of the FY 2023 Results 00:03:24 FX Depreciation and Exposure to Government Securities 00:07:13 NPLs and Preference for Short-Term Lending 00:10:56 Customer Deposits, Loan Uptake, and the IFB 00:18:55 Cost of Risk and the Cost-to-Income Ratio 00:25:19 CAPEX and Dividends 00:27:44 Non-Funded Income, Insurance, and Asset Management 00:32:08 Loan-To-Deposit Ratio and Mark-To-Market Losses 00:34:19 Interest Expense, FX Outlook, and Risk-Based Pricing 00:40:48 Longterm Plans, M&A, and Key Takeaways This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com