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KCB 2018 and Beyond
Queen
#521 Posted : Saturday, May 16, 2020 12:29:39 PM
Rank: Member


Joined: 11/21/2018
Posts: 284
Location: Britain
Angelica _ann wrote:
Horton wrote:
Ericsson wrote:
KCB to report 2020 Q1 results on Tuesday May 19


Should be good/predictable . Problem would be Q2


Going by Cfcstanbic results which are already out, they are likely to be bad or starting to show badness smile smile Laughing out loudly


In my view, the Stanbic results should not be a true representation of what is to be expected from other banks during the period under review. Q1 ended at the end of March, about only two weeks after the first reported Covid-19 case in Kenya. In all fairness, if this pandemic can impact the profits 33% negatively, then you shudder to imagine what three months Covid impact would be on Q2 profits. That can only be total bloodbath. Or is there something Stanbic are not telling us?
Ericsson
#522 Posted : Monday, May 18, 2020 11:10:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
https://www.businessdail...5544-55qekwz/index.html

KCB Group is set to inject up to Sh3 billion of additional capital into National Bank of Kenya to help the subsidiary comply with capital requirements and expand its business.

NBK remains in breach of capital adequacy ratios even after receiving Sh5 billion capital support from KCB in December.

“When we acquired NBK, we estimated we will provide the subsidiary with capital of Sh7.5 billion to Sh8 billion,” said KCB chief executive Joshua Oigara.

“We will soon give the balance of Sh2.5 billion to Sh3 billion,” he said, adding that the cash could be remitted by the end of this second quarter (June).
VituVingiSana
#523 Posted : Tuesday, May 19, 2020 1:37:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,015
Location: Nairobi
Oigara - KES 300mn #Lanes
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#524 Posted : Wednesday, May 20, 2020 4:42:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,402
Location: NAIROBI
Q1 Profit before tax ksh.8.922bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022
obiero
#525 Posted : Wednesday, May 20, 2020 5:09:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,698
Location: nairobi
Ericsson wrote:
Q1 Profit before tax ksh.9.1bn

Total assets at ksh.947bn
Customer deposits at ksh.740bn.Customer deposits grew by ksh.53bn in Q1.
Group balance sheet is within range of the ksh.1 trillion target by end of 2022

It will break it by mid 2021
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