I apologize beforehand for slightly diverging your thread.

Just how did CFC Stanbic manage their's. It seems all others are around 20%. I have gone through the report summary and it seems ok. Anyone with another perspective?

With NBK, BBK and Stanchart reporting profit declines, and having palyed mind games with release of results (to see who would come out on top), I am becoming very skeptical about financial reporting by banks.

I think that the EY report on malfeasance and the Citigroup report on playing with bond pricing should be taken very seriously.

The EY survey had anonymous admissions by CFOs about cooking of results due to pressure to deliver.

Just why are we blaming Kenyan banks for the various weaknesses in IFRS??

Last time I checked all the cooking met IFRS to the letter!!

SS must have contributed to the noteworthy increase in forex income. …. then KE low cost of funds contributed significantly reduced interest expense. These, plus growth in interest income and global markets business, will continue to make CFC sparkle

BBK and Stanchart have been chasing away thei customers with their unreasonable charges/fees. On the other hand,Coop and Cfc have been gaining ground.

There might have been some cooking,but BBK and Stanchart have other woes.