Kensington Reserve Financial reports exceptional Q4 2024 financial results, demonstrating strong performance across all business lines and exceeding market expectations.
Financial Highlights
Key financial metrics for Q4 2024 show significant growth:
- Net profit increased by 25% year-over-year
- Total assets grew by 18%
- Operating income up by 22%
- Return on equity improved to 15.5%
Business Line Performance
Strong performance across all business segments:
- Retail Banking: 20% growth in customer deposits
- Corporate Banking: 30% increase in loan portfolio
- Investment Banking: 40% growth in advisory fees
- Wealth Management: 25% increase in assets under management
Strategic Initiatives
Key factors contributing to our strong performance:
- Digital transformation success
- Market expansion in GCC region
- Enhanced product offerings
- Operational efficiency improvements
Risk Management
Our risk management framework continues to demonstrate strength:
- Non-performing loan ratio at 1.2%
- Capital adequacy ratio at 18.5%
- Strong liquidity position
- Robust credit quality
Outlook for 2025
Based on current performance and market conditions, we expect:
- Continued growth across all business lines
- Further digital innovation
- Expansion into new markets
- Enhanced shareholder returns
Dividend Announcement
The Board of Directors has approved:
- Final dividend of AED 0.75 per share
- Total dividend for 2024 of AED 2.25 per share
- Dividend yield of 4.5%
- Payment date: February 15, 2025