Absa Bank Botswana Limited (BSM: ABBL)

Absa Bank Botswana Income Statement

Financials in millions BWP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,137	2,035	1,628	1,371	1,343	1,339
Interest Paid on Deposits	653.4	634.11	441.3	322.37	287.66	278.34
Net Interest Income	1,483	1,400	1,187	1,048	1,055	1,061
Net Interest Income Growth (YoY)	12.80%	18.01%	13.20%	-0.63%	-0.52%	6.13%
Income From Trading Activities	227.89	216.63	213.58	164.51	138.63	166.89
Gain (Loss) on Sale of Assets	7.7	7.7	0.57	0.3	0.05	13.67
Other Non-Interest Income	482.51	481.47	454.69	435.99	381.91	390.77
Total Non-Interest Income	718.1	705.8	668.84	600.8	520.59	571.34
Non-Interest Income Growth (YoY)	4.57%	5.53%	11.32%	15.41%	-8.88%	7.48%
Revenues Before Loan Losses	2,202	2,106	1,856	1,649	1,576	1,632
Provision for Loan Losses	31.53	76.56	10.42	79.48	263.24	34.02
Revenue	2,170	2,030	1,845	1,570	1,312	1,598
Revenue Growth (YoY)	10.80%	10.00%	17.55%	19.61%	-17.87%	11.19%
Salaries and Employee Benefits	496.01	533.33	480.67	442.95	477.4	464.91
Occupancy Expenses	155.58	146.56	120.09	136.27	119.51	102.77
Selling, General & Administrative	491.03	437.4	384.16	331.21	351.5	269.6
Total Non-Interest Expense	1,143	1,117	984.92	910.42	948.41	837.28
EBT Excluding Unusual Items	1,027	912.37	860.25	659.31	363.94	760.57
Other Unusual Items	-	-	-	-	-	-83
Pretax Income	945.69	830.64	862.69	659.31	363.94	677.57
Income Tax Expense	242.66	206.07	203.81	156.72	67.2	156.96
Net Income	703.03	624.57	658.88	502.59	296.75	520.61
Net Income to Common	703.03	624.57	658.88	502.59	296.75	520.61
Net Income Growth	-0.49%	-5.21%	31.10%	69.37%	-43.00%	14.53%
Basic Shares Outstanding	852	852	852	852	852	852
Diluted Shares Outstanding	852	852	852	852	852	852
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	0.83	0.73	0.77	0.59	0.35	0.61
EPS (Diluted)	0.83	0.73	0.77	0.59	0.35	0.61
EPS Growth	-0.48%	-5.21%	31.10%	69.37%	-43.00%	14.53%
Dividend Per Share	0.675	0.584	0.521	0.374	0.178	0.379
Dividend Growth	23.96%	12.17%	39.17%	110.29%	-53.05%	19.70%
Effective Tax Rate	25.66%	24.81%	23.63%	23.77%	18.46%	23.17%

Source: S&P Capital IQ. Banks template. Financial Sources.