Anyone with an idea of what they are? Set to be released tommorow Thursday and unlike EB or DTB,recent market activity seems to be anticipating the worst after the Q1 results.

I for one didn't believe Muthoka when he said that Q1 was only 5% higher than last yr because KCB starts the year slowly. Waiting to see how the loan loss provisions and Fees & Commission income.

www.mjengakenya.blogspot.com

Loan loss provisio - 6.1billion 2009,4.5billion 2008
non performing loans - 10.5billion 2009,6.2 billion 2008

I'm expecting a similar performance by other banks like Equity.

income from FX trading of 1.2 billion is just sick!

Mediocre set of results compared to previous years and trend,economic challenges notwithstanding. Management appear to be loosing grip on costs,the expansion is a waste of shareholder value. If you look through the numbers,you will notice they have squandered the additional funding they got in August through costs and no return.

Any banker will tell you,you open a branch for deposits,transactions or to defend your markets share of clients. Which one is KCB doing,their results suggest they are doing neither?the regional expansion looks more of glamour and a brand building event than business. I will breakdown these numbers over the weekend and share,but me thinks,KCB has KQ written allover it,after great years of growth and expansion,when the market tightens,the cracks begin to show.....I see more provisioning than is being disclosed. We cannot vouch for the market value of the so called collateral....remember triton!!!