Wazua
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KCB 2018 and Beyond
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling!
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Rank: Elder Joined: 12/4/2009 Posts: 10,823 Location: NAIROBI
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the deal wrote:Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling! Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done. Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson  What comprises 'Other Income'. That's a significant figure.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:the deal wrote:Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling! Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done. Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law Rate cap didn't affect tier 1 so the shedding of share value was more euphoric than factual,i expect the prices to re visit where they were kitu 65 in a year's time "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 14,339 Location: nairobi
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Ericsson wrote:the deal wrote:Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling! Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done. Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law That increase in deposit doesn't seem like any form of struggle. Assets too headed to 0.7trillion Kenya Shillings. CIR below 50% for the first time since the year 1896 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,339 Location: nairobi
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Gadaffi wrote:obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson What comprises 'Other Income'. That's a significant figure. Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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obiero wrote:Gadaffi wrote:obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson What comprises 'Other Income'. That's a significant figure. Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition Thanks. This line has a 24% growth with income of 3.3 billion. Considering that the main lines are already indicated, what can be a contributor to this income..
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Rank: Elder Joined: 6/23/2009 Posts: 14,339 Location: nairobi
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Gadaffi wrote:obiero wrote:Gadaffi wrote:obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson What comprises 'Other Income'. That's a significant figure. Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition Thanks. This line has a 24% growth with income of 3.3 billion. Considering that the main lines are already indicated, what can be a contributor to this income.. Insurance, brokerage, custodial service, investment income from treasury dealing COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,339 Location: nairobi
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Muthawamunene wrote:obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision. If one was to compare with equity, it would have to be done on the basis of interest income and not profit. Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future. IFRS 9 used as the measure in provision determination.. If massive recoveries have been effected through auctions, why would simba not reduce its provisions COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Muthawamunene wrote:obiero wrote:Ericsson wrote:KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year
The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.
Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year Great news @ericsson Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision. If one was to compare with equity, it would have to be done on the basis of interest income and not profit. Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future. IFRS 9 used as the measure in provision determination.. If massive recoveries have been effected through auctions, why would simba not reduce its provisions Apples to apples KCB LLP in H1 = 18.2B Equity= 5.9B I am yet to see KCBs Q3 but one of the reasons I sold EQTY was their profit increased as the NET NPL exposure from H2 to Q3 increased from 267m to 2.4B. I felt this was just to spruce up the numbers. Also annualized EPS KCB 7.9 vs 5.3 for EQTY yet EQUITY trades at a higher price. Simba is going strong! Solid numbers these are
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