bonus

300 shares @Ksh. 215 teaser goes through, supply dries up

Good stuff with profit growth and similar stories of over 20% growth for net interest and non-interest income.

I personally expected flat profits or worse given what other 2nd tier banks (Barclays, NIC and CFC Stanbic) had posted but cautious DTB has achieved this despite more than doubling its loan loss provision (which was moving upwards each quarter of last year)

Their borrowing was also rising through 2015- would be interested to see what the final full year figure was and what was the source.

Did their rescue efforts with imperial bank win them new customers? perhaps the balance sheet will also show the effect of this.

All in all I breathe a sigh of relief.

PS- why are a number banks taking a deferred tax credit this year- is it just to spice up results?

Something I've also wondered about from time to time. Keen to hear wazuans' thoughts.

Let me say upfront that I'm biased to DTB since its the one I've already bought into. The size and quality of the loan book and the steady, under-the-radar growth won me over. Whatever crisis may arrive whether interest rate spike or currency fall and they just raise their loss provisions, keep calm and carry on. The management don't deviate much from their SME lending culture. They do come to us time and again to raise capital in rights issues but can't complain since the money only strengthens the bank further.

I accept that I&M has many of the same loanbook quality virtues + probably the lowest expenses/income margin amongst the listed banks.

NIC is less attractive to me, being the smallest of the three in asset size (at least based on I&M's Q3 figures)- and I'm not so sure it could withstand financial shocks like the other two. But hey, perhaps its the smallest ones that have the largest room to grow. I stand to be corrected but I think the other two have had better performing foreign subsidiaries than NIC.

So if I couldn't get DTB at a good price(I've been a buyer at between 180 and 190), I'd probably be tempted by I&M

Supply has dried up..some prick has the gall to place a 350/ sell order