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KCB Q3 ANTICIPATION
Ericsson
#41 Posted : Tuesday, October 25, 2011 5:11:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
I said this last year but was dismissed.KCB will take the mantle of being the most profitable bank this year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kenyainvestor
#42 Posted : Tuesday, October 25, 2011 6:03:20 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Cde Monomotapa wrote:
kenyainvestor wrote:
The profit growth is almost identical to Equity's. Both PAT and PBT separated by just 0.8%, with KCB taking the lead.

Seems like the Full Year figures will be a photo finish

Please note that Equity is still enjoying the preferential 20% corporate tax c/o listing which should end this year while KCB has been paying 30%.


Of course. I remember a while back guys were asking why we compared the 2 mostly on Pre-Tax profit



Subsidiaries continued their positive contribution to the Group business. They made Kshs. 400 Million more in Profit Before Tax than they made at this time last year, validating the managements decision to use some of the Rights Issue money on giving them much needed boosts

KCB’s Non-Interest Income was buoyed by a 47.9% increase in its Fees and Commissions to Kshs. 6.9 Billion. Fees and Commissions now account for 67.3% of its Total Non-Interest Income

Since the last 3 months, the tables have been turned and it is now Equity who trail KCB in Profit Before Tax by a figure of around Kshs. 100 Million. At Half Year, KCB trailed Equity by a similar figure and at 1st Quarter 2011, it stood at Kshs. 390 Million

LINK: KENYA COMMERCIAL BANK POSTS 40% JUMP IN 9 MONTH PROFIT BEFORE TAX
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
FACEBOOK: Kenya Investing
TWITTER HANDLE: @kenyainvestor
the deal
#43 Posted : Tuesday, October 25, 2011 7:21:28 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Non perfoming loans at 3Q 2011 eclipsed FY 2010...the devil is in the details...all in all good numbers...i will post my analysis on my website tonight.
QW25081985
#44 Posted : Tuesday, October 25, 2011 7:21:41 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
and w/ such good results the price of the stock will still fall !!!!! justv wait till the excitement ends !!!!
youcan'tstopusnow
#45 Posted : Tuesday, October 25, 2011 7:51:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Pleasantly surprised I must say.
Seems like KCB and Equity will run away with it this year as I doubt any of the other banks can pull as great a comeback as Istanbul 2005
GOD BLESS YOUR LIFE
mlennyma
#46 Posted : Tuesday, October 25, 2011 8:27:15 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If kcb and equity don't pay a 2bob first and final dividend come year end,it will be a very greedy move.
"Don't let the fear of losing be greater than the excitement of winning."
Impunity
#47 Posted : Tuesday, October 25, 2011 8:36:10 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
LOAR!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Aguytrying
#48 Posted : Tuesday, October 25, 2011 8:46:24 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I am pleasantly surprised. LOAR!
The investor's chief problem - and even his worst enemy - is likely to be himself
Cde Monomotapa
#49 Posted : Tuesday, October 25, 2011 9:20:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
I am pleasantly surprised. LOAR!

smile
sparkly
#50 Posted : Tuesday, October 25, 2011 9:57:40 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Rooooooooaaaaaar
Life is short. Live passionately.
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