obiero wrote:murchr wrote:
Co-operative Bank has overtaken Standard Chartered in terms of return on equity (ROE) or shareholders’ funds among the top five commercial lenders.
Coop Bank will become Kenyas largest bank sooner than most know.. The percentages in growth are clear
I prefer looking at growth in incomes...costs can be fluctuated easier than income
FY 2015 Growth in Incomes
Net Interest Income
KCB +3.3bn
Equity +4.9bn
Co-op +1.2bn
Non funded income
KCB +0.5bn
Equity +3.4bn
Co-op +2.56bn
Total Income
KCB +3.8bn
Equity +8.3bn
Co-op +3.7bn
Co-op might have to try harder to be the biggest bank but it does have the muscle. Last year Co-op had a major one off cost of retirement cost of 1.34 and this suppressed profits. Anyway the growth in profits was still spectacular even if you factor out the one off cost.
This year, Equity had a huge one off IT upgrading and marketing cost (Equitel)
KCB i havnt heard of any huge one off costs