PAT = 3.86bn [3.384 in 2011]

NAV = 18.838bn [14.617]

Come-baby-come; we are waiting for your landing at NSE...

@VVS; is there a timetable?

The increase in PAT lags many other banks but I think they had a consolidation [book was cleaned up, lending curtailed] last year. They also bought into BCRwanda. Let's see how 1Q 2013 goes since the results are due by 31st May 2013 BEFORE the I&M shares get listed on the NSE...

Kenya performed poorly due to very high cost of deposits. The regional subsidiaries did very well compared to Kenya which has a much larger balance sheet.

I&M and CTL timetable @chiaroscuro

Closing of the Offer Friday, April 19, 2013 - Applies to I&M shareholders not CTL. Needs 90% acceptance

Proposed Date to lift suspension on trading of CTL shares Friday, April 19, 2013 - 3 weeks away

Press Announcement of the outcome of the Offer Friday April 26, 2013

Proposed Register Closing Date for CTL share split Tuesday, May 28, 2013 - I expect the 1Q 2013 results to be announced by 31st May

Conclusion of mandatory acquisition of any shares held by
dissenting I&M shareholders Monday, June 3, 2013

Final announcement of results of the Offer Friday, June 7, 2013

Settlement of Offer Shares to be issued through CDS, new share
certificates for the Offer Shares Monday, June 10, 2013

Date for Admission of New Shares to Listing & Trading Date for the
share split Tuesday, June 11, 2013 - KaChing!

* Dates above could change subject to the approvals of shareholders, the CMA, as well as the publication of the exemption granted under Section 53 of the Banking Act, in the Kenya Gazette. Any changes will be announced.

@mwekezaji, VVS. Now that fy 2013 results are out what would u estimate as the NAV for city trust?

http://www.theeastafrica...6/-/7k0q2x/-/index.html

BCR rides on mortgage financing to post high returns

The bank raked in Rwf4.2 billion up from Rwf2.9 billion in profits after tax in 2011 - a 45% increase y-o-y. Much better than the Kenyan unit!

The bank is also looking at growing its loan portfolio by 20 to 25 per cent, opening new branches, fix more ATMs and integrating new policies with I&M, the new investor who took over the bank after Actis sold its stake.