The big banks will weather this storm i.e. KCB, BBK, Coop & Equity. All of these made most of their profits from interest income and even though margins will reduce with a high interest regime, they will still be able to tough it out. BBK of course made some serious money from the sale of the custodial business, but if we ignore that, you can still see they made some good money from their other business. Their overall profits for the year will however be down, but not in Q1.

I do not know how BBK does it, but they make money even when they do not grow their loan book as much as the other banks. Perhaps, it is because KCB and Equity Bank are losing quite a bit of money in their regional operations.

I believe it could also be an interesting year for Stanchart who make money when other banks fade and vice versa.

As for the mid tier banks - DTB, CFC Stanbic & NIC, I will definitely agree. They will be in for a pasting. They made too much of their 2010 profits from bond trading.

Note, I am referring to trading results not share prices.

Hapana...the likes of C&G...MSC...CMC...KK...Total...the list goes on and on will make u money.

@deal i wouldn't touch KK and Total the margins in oil sector are just pathetic. MSC I will wait until it's 6.50 speculation can't invest in a company where CEO is thinking of running for governor. C&G, CMC these companies didn't make money with government passats

KGN is less likely to make money for you than some of the deal's picks e.g. KK. Depending on entry levels, CMC and MSC are bound to make one some money, but for me they would purely be speculative plays. C & G is too illiquid unless one wants to be in for the long haul. As for Total, the deal, you had better forget that one!

Attributed to “a steep drop in earnings from treasury securities”.
Really?
What percentage of their earnings were attributed to trading in these securities?