Any news? Or was this fake news?

-Asset Base Ksh.1.14 trillion
-Revenues increased by 13.5% to KShs.108.6 billion on account of a rise in net interest
income which was up 15.0% to KShs.77.7 billion. -Non funded income grew by 9.9%
to KShs.30.9 billion on increased customer transactions, FX income and income from
accelerated loan growth.
-Costs went up by 11.9% to KShs.47.8 billion from KShs.42.8 billion on account of an
increase in staff and organisational costs, consolidation of Banque Populaire du
Rwanda (BPR) and inflationary adjustments across the group
-Profit before tax ksh.47.8bn
-Profit After tax Ksh.34.17bn
-Earnings per share Ksh.10.64
-Final Dividend Ksh.2

KCB Group FY 2021 Results [KES]:

- Total Assets +15.3% to 1.14T
- Loan book +13.4% to 675.4B
- Customer Deposits +9.1% to 837.1B
- Total Interest Income +15.1% to 102.1B
- Loan loss provision -52.2% to 12.9B
- PAT +74.3% to 34.1B
- EPS 10.64 [2020: 6.10]
- DPS 3.00 [2020: 1.00]

With that tiny payout ratio, I hope they are acquiring a major bank in DRC

Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

KCB's negotiations to buy local bank in DRC may be completed by next quarter:
The deal the bank said will push the regional lender's assets towards the ksh.1.5 trillion mark in the next financial year.
Chief executive Joshua Oigara told the East Africanthat negotiations for a potential buyout are at an advanced stage and the deal should be completed in the next quarter.
The negotiations have taken a bit longer largely because of the December holidays when people were stuck on annual audits and financial statements.
The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year.

We have an ambition to grow our balance sheet to Ksh1.5 trillion ($13.15 billion) which is the key ambition for us this year

https://pbs.twimg.com/me...rmat=png&name=small

https://www.theeastafric...-expansion-plan-3753412[/quote]


DRC would firmly solidify KCB as the biggest bank by assets in Eastern Africa. Progress in Rwanda is amazing, number 2 already in the market. Tanzania looks very promising, hope they one day break into that top 5 and perform a miracle to break the grip of NMB & CRDB. Uganda, still needs more work.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.

The rights issue that KCB has done have borne fruits in terms of investments they did and higher dividends to shareholders compared to equity which is mean with dividends.

KCB analyst call;

1. On the new digital lending act:

"We welcome the digital lending acts. Would be net positive for banks and our mobile loans as these are already regulated. It levels the playing field."

On a Green bond:

"Not a priority this year. Maybe 2023"

2. On the low dividend payout ratio of 28% for FY 2021:

"We want to be at the 40-45% ratio, but our focus this year is on growth of our organic and inorganic portfolio. We will be back there soon. "

I am a Value Investor.
Equity is cheaper than KCB on a (future) growth basis.
DTB needs to pull its socks up.

If I had the cash I would rather buy Equity (low PER and higher growth), SCBK (high DPR, DY) and DTB (low PER/PB) over KCB.

We can compare Total Returns for each in April 2027.

Looking at cash returns KCB will give a better return in terms of dividend payout than Equity.
DTB over KCB that is madness,KCB will beat DTB pants down 18 nil.
Let's compare in 2027.