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KCB HY 2018
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Ericsson
#1 Posted : Thursday, August 16, 2018 8:18:39 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Loan book expanded 4% to ksh.421.5bn from 406.9bn
Group assets up 6% to ksh.668bn
Investment in government Securities down 4% to ksh.113bn
Deposits jump 9% from ksh.482.9bn to 525bn
Non performing loans ratio improved by 130 basis points from March 2018 to settle at 8.5% as at June 2018
Group profit before tax surges 16% to ksh.17.1bn from 14.8bn in HY2017
Profit after tax surges 18% to KSH.12.1bn from 10.3bn in HY2017
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, August 16, 2018 8:41 AM | Reason: Not specified
watesh
#2 Posted : Thursday, August 16, 2018 8:23:46 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income
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Ericsson
#3 Posted : Thursday, August 16, 2018 8:31:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Subsidiaries have shown tremendous improvement-25% growth in PBT
--South sudan 68% drop to ksh.100mn from 317 in HY2017
--KCB burundi 203% growth to ksh.100mn from 33mn
--KCB Bank Uganda 164% growth to ksh.283mn from 107mn
--KCB bank Rwanda 25% growth to ksh.310mn from 247mn
--KCB Bank Tanzania 64% growth to ksh.371mn from 226mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#4 Posted : Thursday, August 16, 2018 8:32:57 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income


How much is the interim div ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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maka
#5 Posted : Thursday, August 16, 2018 8:33:36 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
young wrote:
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income


How much is the interim div ?


1 Bob...
possunt quia posse videntur
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Ericsson
#6 Posted : Thursday, August 16, 2018 8:34:02 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income

Operating expenses declined 7% to ksh.18.5bn from 19.9bn attributable to improved staff costs and loan loss provisioning
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#7 Posted : Thursday, August 16, 2018 8:36:05 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
maka wrote:
young wrote:
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income


How much is the interim div ?


1 Bob...


To shareholders registered at the close of business on Monday 3 September 2018.
The dividend will be paid on or about Friday 30 November 2018
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#8 Posted : Thursday, August 16, 2018 10:00:36 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income

What is the story /logic behind the declining LLP's and NPLs? It appears that's the party line for all banks to squeeze some decent earnings but the fundies disagree with that notion.
The main purpose of the stock market is to make fools of as many people as possible.
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Superprime1
#9 Posted : Thursday, August 16, 2018 10:16:09 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income

Also, there's a Sh545m (Sh0.55bn) deferred tax down there.
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sparkly
#10 Posted : Thursday, August 16, 2018 11:03:29 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lochaz-index wrote:
watesh wrote:
Total income is stagnant....the 18% growth in PBT is brought about by a major drop in the Loan loss provision. Love the interim dividend, very disappointed by growth in income

What is the story /logic behind the declining LLP's and NPLs? It appears that's the party line for all banks to squeeze some decent earnings but the fundies disagree with that notion.


Since rate caps banks have been putting more of their deposits into government securities hence fewer riskier loans and lower loan provisions
Life is short. Live passionately.
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