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KCB Q1 2017
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Net Interest Income down by 4.7% from KShs.10.86B to KShs. 10.34B Forex Income increase by 72.1% from KShs. 747M to KShs. 1.29B Total Operating Income up by 2.7% from KShs. 15.48B to KShs. 15.91B Total Assets improved by 8.8% from KShs. 556.8B to KShs. 605.8B Net Loans and Advances up 14.3% from KShs. 345.9B to KShs. 395.5B Customer Deposits increased 7.9% from KShs. 423.4B to KShs. 456.8B Shareholder funds grew by 20.6% from KShs. 83.9B to KShs. 101.2B KCB Group posts KShs. 6.59 billion Q1 pre-tax profit on higher non- interest income Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Ericsson wrote:Net Interest Income down by 4.7% from KShs.10.86B to KShs. 10.34B
Forex Income increase by 72.1% from KShs. 747M to KShs. 1.29B
Total Operating Income up by 2.7% from KShs. 15.48B to KShs. 15.91B
Total Assets improved by 8.8% from KShs. 556.8B to KShs. 605.8B
Net Loans and Advances up 14.3% from KShs. 345.9B to KShs. 395.5B
Customer Deposits increased 7.9% from KShs. 423.4B to KShs. 456.8B
Shareholder funds grew by 20.6% from KShs. 83.9B to KShs. 101.2B
KCB Group posts KShs. 6.59 billion Q1 pre-tax profit on higher non- interest income now the handle is elections and this bank's Will trade past 50 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Very minimal bruises here,Q12017 vs Q12016 down only 3%. As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. @SufficientlyP
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks That's always the case. Banks, mpesa always start, then it moves to the insurance/Tier 2 NSE stocks, then the Merali firms come in at the last leg  @SufficientlyP
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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obiero wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop and many may have missed the banks bottoming unless we misbehave in August "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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mlennyma wrote:obiero wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop and many may have missed the banks bottoming unless we misbehave in August I like this Mlennyma.. only if we misbehave we will never see any 20s for this banks... Watch and Listen and Live
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ARAP CHARLES wrote:mlennyma wrote:obiero wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop and many may have missed the banks bottoming unless we misbehave in August I like this Mlennyma.. only if we misbehave we will never see any 20s for this banks... Banks are still a buy at current prices.. ......There will come a time in a few months where foreigner buyers will jump in with bullish force.......Even at current prices banks have a potential of rallying like 70% up......Assuming rate cap reality has been somewhat subdued. John 5:17 But Jesus replied, βMy Father is always working, and so am I.β
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Spikes wrote:ARAP CHARLES wrote:mlennyma wrote:obiero wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results. the next bull will be triggered by banks The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop and many may have missed the banks bottoming unless we misbehave in August I like this Mlennyma.. only if we misbehave we will never see any 20s for this banks... Banks are still a buy at current prices.. ......There will come a time in a few months where foreigner buyers will jump in with bullish force.......Even at current prices banks have a potential of rallying like 70% up......Assuming rate cap reality has been somewhat subdued. Agreed. Im gonna add to my stake. Seems like upto the 40/- mark there is significant amount of cash still to be made as long as we behave ourselves in August as someone already mentioned
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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@Horton It should rise to 55 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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Horton wrote:ππ½ππ½ππ½ππ½ππ½ππ½ππ½
Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago. Before you dismiss what Kestrel has written... pls try to answer these questions. 1) What are Statutory Loan Reserves? 2) Compare SLRs for KCB vs Equity vs BBK vs StanChart 3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017 4) What's Net NPL exposure? Compare KCB vs peers Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Testing the post rate cap high (35.25) to aim at next target 37
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β
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Rank: New-farer Joined: 4/11/2016 Posts: 30 Location: Nairobi
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VituVingiSana wrote:Horton wrote:ππ½ππ½ππ½ππ½ππ½ππ½ππ½
Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago. Before you dismiss what Kestrel has written... pls try to answer these questions. 1) What are Statutory Loan Reserves? 2) Compare SLRs for KCB vs Equity vs BBK vs StanChart 3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017 4) What's Net NPL exposure? Compare KCB vs peers Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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nzalela wrote:VituVingiSana wrote:Horton wrote:ππ½ππ½ππ½ππ½ππ½ππ½ππ½
Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago. Before you dismiss what Kestrel has written... pls try to answer these questions. 1) What are Statutory Loan Reserves? 2) Compare SLRs for KCB vs Equity vs BBK vs StanChart 3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017 4) What's Net NPL exposure? Compare KCB vs peers Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there. Dear VVS. Most of us spend days, weeks and even months doing our research. We do this homework for ourselves, so Im not going to post the details u require which can be found through a brief search. Also understand that KCB had lots of corporate accounts which earn the highest interest and also used to pay the lowest interest for loans....pre rate cap. As u can see interest expense has fallen comensurate to that. LLP would naturally fall in the post cap as the quality is improving. I suggest you go and check out NIC and CFCs results too
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Horton wrote:nzalela wrote:VituVingiSana wrote:Horton wrote:ππ½ππ½ππ½ππ½ππ½ππ½ππ½
Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago. Before you dismiss what Kestrel has written... pls try to answer these questions. 1) What are Statutory Loan Reserves? 2) Compare SLRs for KCB vs Equity vs BBK vs StanChart 3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017 4) What's Net NPL exposure? Compare KCB vs peers Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there. Dear VVS. Most of us spend days, weeks and even months doing our research. We do this homework for ourselves, so Im not going to post the details u require which can be found through a brief search. Also understand that KCB had lots of corporate accounts which earn the highest interest and also used to pay the lowest interest for loans....pre rate cap. As u can see interest expense has fallen comensurate to that. LLP would naturally fall in the post cap as the quality is improving. I suggest you go and check out NIC and CFCs results too @Horton VVS hates KCB and will look for something negative about it whether it's there or not. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Looks like 40bob is around the corner.  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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JUBA May 12 (Reuters) - South Sudan's largest bank is shutting more branches as hyperinflation and a shortage of dollars eat into the group's profits, the managing director said, underscoring country's worsening financial woes amid a civil war. Harun Kibogong told Reuters that Kenya-based KCB Group Plc , East Africa's biggest bank by assets, will temporarily close five branches, leaving ten operational. http://af.reuters.com/ar...mp;virtualBrandChannel=0Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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