finally, a running commentary by wazua analysts of quarterly results as they come in, to help guests make somewhat informed decisions..
To start us off, projections for Q3 2013:
Equity PBT 17.5B
KCB PBT 17.0B [negative growth]
COOP PBT 9.6B
SCBK PBT 9.5B
BBK PBT 8.9B
DTB PBT 5.6B
I&M PBT 5.5B
CFC PBT 5.2B
NIC PBT 4.1B
NBK PBT 1.3B
HFCK PBT 875M

How much would hfck pay in dividends if it was making the profits other banks are making??it still beats them in dividend yields despite their huge profits.

Last time I checked, all countries operate principal accounts with PMG at Central Bank. Most of the money sits at Central Bank and encashed through KCB mostly but as a PMG account. The amounts going to machinani are for petty cash payments and the like. Large payments are paid from the CBK account just like ministries do.Nenda angalia.

@guru in my estimation, large payments for capital expenditure do not go through banks

According to the CBK Q3 'Wikileaks'

PROFITABILITY: The banking sector profit before tax for the quarter ended September 2013 decreased by 6.6 percent from Ksh. 33.2 billion in June 2013 quarter compared to Ksh. 31.0 billion for the quarter ending September 2013. Over the same period, total income stood at Ksh. 88.6 billion being a decrease of 4.1 percent from Ksh. 92.4 billion registered in the second quarter of 2013. The decline was partly attributed to the reduction in lending rates. Whilst total expenses decreased by 2.7 percent from Ksh. 59.2 billion in the June 2013 quarter to Ksh. 57.6 billion in the September 2013 quarter. The reduction in expenses was partly attributed to decline in interest paid on deposits. On an annual basis, the profitability of the sector increased by 14.5 percent to Ksh. 92.5 billion in September 2013 from the Ksh. 80.8 billion registered in September 2012.

http://www.centralbank.g...rdBankingsector2013.pdf

Looks like a U-shaped recovery scenario where increased NPLs (hence provisions) will be glossed over by increasing loan uptake & efficiencies/innovations. Declining rates appear to be the elephant in the room near-term. Especially for Kenya-only banks.

Seems results will be very meritorious this time round. Kaeni rada'.

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Tough for banks in 3Q if the CBK says the sector has made 6.6% less 3Q 2013 vs 2Q 2012. I thought 2Q was affected by the immediate post-electioneering drama whereas 3Q would have been recovery.
Of course, banks take 30-180 days to provision for bad loans. I wonder the if the bad loans have come to roost?

@cde - The bank referred to is a micro-lender giving out unsecured loans & hire purchase loans in SA. It doesn't reflect what Kenyan banks would face. Most of the loans by Kenyan banks are secured & the uptake of unsecured credit in Kenya is much lower than SA. The folks in SA are crazy as they have huge consumer borrowing.

I trust they wont disappoint. y/y (+14.5%) is good. Hiyo q/q (-6.6%) looks like a temporary blip lakini niko rada @CFC&Equity. … CBK “Banking Sector 2013 Outlook” in the report (pg 5) is positive ;-)

Mwekezaji.Noted on Friday a block trade of 752k(2 splits) at 35 ksh on equity which wasnt executed at close of trading.Please inform on foreign buys vs sales on this counter at end of trading today.

Impressed by BBK and Britam.Very aggressive bidders.

CFC is lucklustre.clearly the foreign cap is having an impact on this share