17/03/2023 Credit Corporation Results for Financial Year 2022

Credit Corporation is pleased to announce its financial results for the year ending 31 December
2022.

Financial highlights
• Core operating profit K98.8m, up 25.0% on pcp
• NPAT K86.04m, up 11.9%
• ROA 6.9%, up from 5.4%
• Total Risk Weighted Capital Ratio 45.0%, up from 40.1%
• Dividend per share 22.5 toea, up 25.0%
• Finance Division NPAT K36.6m, up 41.9%
• Property Division Core Operating Profit K13.4m, up 31.0%
• Dividend Income K61.5m, up from K52.9m
• Earnings per share 28 toea per share, up from 25 toea

Credit Corporation delivered a strong performance in FY22 and is well positioned to drive continued business growth as it moves towards achieving its strategic objectives in FY23 and beyond. Commenting on the results, Chair Dr Albert Mellam said: “We are delighted with the strong performance the Group delivered over the period despite the ongoing challenging operating. environments.” “It is also gratifying to note that each of the Group’s business divisions contributed strongly to the overall improved performance,” Dr Mellam said.

To read more, please click on the PNGx announcement below.