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KCB FY 2013 profit before tax up 17%
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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FY 13 PBT up by 17 percent
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Right on the money @FUNKY. Confirmation from their investor relations expert. Live stream from Nation, page not working hmmmn... should have just used the renowned CapitalFM http://ke.kcbbankgroup.c...investing/2013-results/
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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KCB Group Hits Kshs 20.1 Billion Profit Mark.
Total assets up 6% to 391bn
Customer deposits up 6% to KShs 305.7bn
Net loans up 8% to 227.7bn
.....(44% loan book corporate, NPL at 8.1%)
Live feed now up, haltingly...
International Businesses up 60% to 2.4bn
Net Interest Income up 8% to 33.0bn
Gross commissions up 9%; other income 22%
Cost to Income Ratio now 54%
Profit before tax up 17% to 20.1bn
Profit after tax up 18% to 14.3bn
Dividend Payment up 6%, 2/= dps
Kenya accounts for 88% of profits in 2013
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Rank: Member Joined: 1/14/2014 Posts: 178
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Profit hits KSh. 20.1 Billion. Look forward to the details. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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muganda wrote:KCB Group Hits Kshs 20.1 Billion Profit Mark.
Total assets up 6% to 391bn
Customer deposits up 6% to KShs 305.7bn
Net loans up 8% to 227.7bn
.....(44% loan book corporate, NPL at 8.1%)
Live feed now up, haltingly...
International Businesses up 60% to 2.4bn
Net Interest Income up 8% to 33.0bn
Gross commissions up 9%; other income 22%
Cost to Income Ratio now 54%
Profit before tax up 17% to 20.1bn
Profit after tax up 18% to 14.3bn
Dividend Payment up 6%, 2/= dps
Kenya accounts for 88% of profits in 2013
Kenya accounts for 88 % of profits so subsidiaries are still lagging behind
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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These are excellent results. 50 at the corner. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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CEO is reiterating 38% of their revenue came from Fees and Commissions and they are looking at above 40%. And the investor presentation ends with the Lord's prayer. Quite different from how banks run abroad on both counts  Consistent performance from first-half, so how will price react this morning?
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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52/ it is. that's where we settle.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Going by the trades 52/ might take a while
BIDS 303,200
Quantity Price Splits Time
49,000 44.50 5 10:17:25
2,700 44.25 1 10:17:25
103,000 44.00 3 10:17:25
25,500 43.75 7 10:17:25
87,100 43.50 4 10:17:25
ASKS 482,400
Quantity Price Splits Time
165,800 45.00 15 10:17:25
3,000 45.50 1 10:17:25
2,000 45.75 1 10:17:25
176,200 46.00 3 10:17:25
2,000 46.25 1 10:17:25
TRADES
Quantity Price Time
900 45.00 10:17:24
200 45.00 10:13:25
400 44.50 10:09:42
500 44.50 10:09:38
200 44.50 10:08:51
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Awesome. Giant with the agility of an Antelope. Cost-To-Income @51.7% But du I sey... Iko CFO! Now where is @Ycsun? We used to debate, and I'd tell him the play was in KCB moving toward the Benchmark at his M'bus, Equity. Ship docked Comrade. Touché
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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FUNKY wrote:FY 13 PBT up by 17 percent ... good enough
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Rank: Member Joined: 12/11/2006 Posts: 884
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EPS now at 4.82 “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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So the controversy brewing online, KCB chose to frown on CBK's demanding NPL provisions as they were more stringent than IFRS and may have resulted in a 4.3bn charge to Profit & Loss, making a tidy picture less rosy. So on this slide in the presentation, they went to great lengths to explain how they are moving the provision to the balance sheet Statuory Loan Reserve, instead of the profit-loss statement.  Comment by former CEO of SBG Securities
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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South Sudan kitu gani  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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ngapat wrote:EPS now at 4.82 Where do they want to take KSh 2.82 after giving out above? The answer will assist us to keep our feet on the pedal! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Dividend yield of 4.4% at current price of45/-, it's like putting money in a bank account
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@mkonomtupu;hw many companies have a yield of more than 5. they are less than 5 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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guru267 wrote:South Sudan kitu gani I think any mess to be mopped up in South Sudan will soil Q1 2014 results.
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KCB FY 2013 profit before tax up 17%
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