@YCS...ati behavioral scientists lol! that's some funny stuff & they r probably right comrade. Seriously man, I have always been baffled @ why the NSE values EBL over KCB in terms of mkt.cap. INMHO I think this anomaly has given us the best investment oppurtunity & I am looking forward to this anomaly being corrected soon! That's why I have beef with EBL in particular. What I know that most EBL investors don't is that EBL has been enjoying a 20% corporate tax rate since its listing. I think 5yrs are up now so it will be level playing ground and now with a revamped KCB with screaming EAC & Mortgage oppurtunities...tutajua Simba si paka!!

That's true there is enough for everybody. All I am saying is pay what belongs to Ceaser (valuation). For the avoidance of doubt I will always wish our local banks success over any beberu bank..even those with local shareholding i.e BBK & SCBK simply because I am very strong proponent of African economic empowerment - I approve foreign partnership but never dominion.

@VVS - http://www.ifc.org/ifcex...86800683de1?OpenDocument

KPLC has been having very high turnover for the last few days...

Cheers. When you look keenly it will be found that I posted this thing 1 week before it appeared in BD Africa. Secondly, I made the reference to U as a follow up to our earlier discussion on KCB's attractivness to foreign/local partnerships due to its EAC capacity - guess I won round 1. Ding! Ding!

@VVS sure enough - @ the end of the day tu mirrions ni tu mirrions - hata ya 2929. All the best comrade!!

VVS did you attend the Mindspeak presentation of Martin O Oduor? There was a guy who talked of poor responsiveness by KCB. I am sure MOO heard and this could change in the next few years.

Kenya Commercial Bank Group announced a remarkable Profit before Tax of Kshs.2.51 billion for the three month period ended 31 March 2011 compared to Kshs.1.90 billion recorded during the same period in 2010, a commendable growth of 32%.

Key financial highlights include:-

 Total customer deposits increased to Kshs.209 billion compared to Kshs.185 billion in March 2010, an impressive growth of Kshs.24 billion representing 13%.

 The loan portfolio (net) increased by 23% from Kshs.125.9 billion in 2010 to Kshs.155 billion in 2011.

 Total assets increased by a significant 23% to Kshs.270.9 billion compared to Kshs.220.7 billion registered in the same period in 2010.

 Net profit increased from Kshs1.332 billion in 2010 to Kshs1.774 billion in 2011, representing a growth of over 33%

 On the account of increased lending, Net Interest income increased by 32% to Kshs.5.111 billion from Kshs.3.873 billion recorded in 2010.

 Non-funded income increased to Kshs.2.8 billion in 2011 compared to Kshs.2.6 billion in 2010 representing a 7% growth, mainly from fees and commissions and it constituted 35% of the total revenue.

Glorious times indeed. I think I'll hold on to my shares and stick around for a piece of this new pie as well!!!

KPLC has stuck at 21/= for quite some time. Which way is it likely to take when the mud is dredged!