I guess the surprise here is that SCBK almost matched BBK's Profit Before Tax and actually managed to surpass the Eagle on PAT.

Detailed results in comparison to Q1 2010 are as follows:

>PBT up 11.54% to 2,314,041,000
>PAT up 13.88% to 1,640,705,000

>Operating Income up 21.49% to 4.1 B

Interestingly, this was on the back of a 4% decline in interest income to 2.45 B from 2.55B in Q1 2010. This was however more than matched by a 52% reduction in interest expenses. Walinyoa wateja vikali.

SCBK's saving grace was a very solid 42.4% increase in Other Income to Kshs 1.9 B from 1.34 B in Q1 2010. This was driven largely by a more than 100% increase in foreign exchange trading income and an increase in other fees and commissions (Perhaps the Custodial business has started paying dividends already).

All in all not too bad for a bank we do not usually expect a lot from.

Interesting..this beberu bank surpassed my expectation.

I AM OFFICIALY A VETERAN!! WOOHUU!! Drinks on me!! Na wewe ycsun wacha siasa hiyo.

Congrats Comrade! Wea the drinks at?

Let's just say I have my sources e.g. an advance copy of tomorrow's paper !

Thanks kwa shangwe na vigelegele! I agree but where you will also agree with me by the end of the year is when KCB topples your pet.

You are right about CFC Stanbic.

However, w.r.t I & M, it came up very strongly through most of last year and I expect it to now be topping the rest of the brigade (i.e. after the top 5).

I will update my rankings with 6-10 once the other banks report. I & M and CBA have not yet reported and I expect them to be vying for these positions along with their listed peers NBK & CFC Stanbic - Results for DTB and NIC are already in.

I dont understand this obsession with KCB..we have been here before and it badly dissapointed

Look up business cycles 101 is my advice.

Watarudi nyumbani na whoonga: WHOONGA