Any updates? Was expecting announcement today.

eeh, usilete uchawi hapa. leta results

PBT for KCB 5.6Bn vs Equity's 5.4Bn.

With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time?

THIS: “Our cost to income ratio has reduced from 57.6% during the first quarter in 2013 to 49.1% in the same period in 2014 which is good news for our business as we continue to aggressively implement cost management initiatives in our operations,” said the Group Chairman.

&

THIS: Total Assets for Bancassurance grew by 576% from KShs. 42 million to KShs. 285 million while other income from administrative rebates from Insurance companies earned the Bank KShs. 47 million.

“Our agenda for KCB Insurance is two-fold; a strong growth agenda on Bancassurance during quarter one and a solid platform to more than triple our insurance earnings in the current financial year going forward,” said the Group CEO.

The telco direction Equity is taking is as much a risk as it is an oportunity!!!

It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability.

Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies...