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Kee Chong Li Kwong Wing: “Our aim is to at least double the size of our assets and profits”

10 février 2016, 15:58

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 Kee Chong Li Kwong Wing: “Our aim is to at least double the size of our assets and profits”

SBM Holdings’ ChairmanKee Chong Li Kwong Wing featured on this Wednesday’s cover of Business Magazine. He notes that despite sailing in troubled waters due to substantial impairment in 2015, a large chunk of which is linked to the BAI scandal, SBM Group is still in a strong financial position. Indeed, the bank enjoys strong liquidity and capital levels, points out the Chairman of SBM Holdings. He is confident the Group will rebound and unlock its growth potential.

 

SBM Group fundamentals remain solid, says the Chairman. Despite the increase in impairment in 2015, asset quality metrics have been contained at acceptable levels, and are even stronger than peers. SBM has significant growth potential and is currently working towards unlocking it, building on the Group’s sound fundamentals and strong capital resources. The recent McKinsey report pointed out that there is potential for the Group to grow further and develop its activities, in both banking and non-banking, in the local economy and regionally. Based on the findings of the report, the Group will be focusing on five key pillars namely: consolidation, diversification, regionalisation, modernisation and capacity building.

 

 

The Bank will also be active on the non-banking front and will act as a springboard for clients to invest in Africa and other high growth regions. In that respect, it will soon launch an Africa Value Fund, which will focus on listed equities in Africa, as well as a Private Equity Fund. In the same vein, it has started offering securities trading on the Kenya Stock Exchange, thereby extending the extensive list of international markets on which it offers these services.

 

This week’s magazine is supplemented by the monthly Lifestyle, a special issue focusing on Valentine lovers. Love is in the air…