Oh. Okay.

ARM last year reported Q1 results on 14th May. Bamburi and EA Portland did not report #Q1_Earning_Expectations

#Rich_Q1_Earnings_Expectations >>> The Catalyst for the Next Leg Higher for the Banking Stocks [and they remain the Best Proxy to play the rising GDP Tide which I expect post the Inflection Lower of Kenya Political Risk] will be the Release of Q1 Earnings. I expect a Trend Change to a higher Trajectory in Kenya and EAC GDP with an outside Chance of 8.5% within 24 months and that will be a rising Tide which will float a Lot of Boats but it will surely float the Banking Sector.

HF is first off the blocks. #BringOnTheBigBoys

Banks continue to post super performance

The growth is attributed to increase in lending to households, trade, manufacturing and real estate sectors

Commercial banks began the year with strong performance as interest rates maintained a downward trend. The banking sector registered a 15.1per cent growth in pre-tax profits, from Sh8.7 billion in January 2012 to Sh10 billion as at end of January 2013, according to official data from the Central Bank of Kenya (CBK).

The annual return on assets also rose from four per cent in January 2012 to 4.1 per cent in January 2013. However, return on equity declined from 34.9 per cent to 32.4 per cent over the same period. This is on account of an increase in equity compared with the increase in profit according to the CBK Monthly Economic Review.

http://www.standardmedia.co.ke/...o-post-super-performance