KCB Group reports 14% increase in Pre-tax Profit to KShs 17.2 Billion

Profit after Tax (PAT) Up by 11% to KShs 12.2B from 10.9 B in 2011

Customer Deposits: Up 11% from KShs. 259.3 B to KShs. 288.0 Billion

Cost to Income Ratio: Lower by 290bps ( Basis Points) from 60.3% to 57.4%

Net Interest Income Up 28% from KShs 23.9 Billion to KShs 30.6 Billion

KCB Board recommends Sh2 per ordinary share, above the Sh1.90 per share paid in 2011.

Core Capital to Total risk weighted assets at 21.3% ( CBK Minimum of 8%)

So the dividend is settled at 2/-

11% growth in PAT is dismal for KCB. Only the DPS will prevent a masacre at the NSE tomorrow.

@Hisah Dividend has been set at ksh.1.90 per share and not ksh.2.Last year they paid ksh.1.85 and not ksh.1.90.
The sluggish growth was due to a slow down in the mortgage uptake and corporate lending where KCB is the dominant.This was because of the high interest rates.
When it comes to personal unsecured loans this is the domain of Equity and Co-operative bank which is why they recorded huge growth margins.
KCB will need to strengthen/rump up the personal unsecured loan business to shield itself from a slowdown in mortgages or corporate lending going forward.

@hisah forget about the twitter account.
I have seen the set of accounts which they forwarded to Capital Markets Authority and Nairobi Securities Exchange.
Dividend has been set at ksh.1.90.
Link is below;
https://www.nse.co.ke/li...-group-financial-results