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KCB Q3 2017

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Ericsson		#1 Posted : Wednesday, November 08, 2017 3:55:11 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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lochaz-index		#2 Posted : Wednesday, November 08, 2017 4:30:44 PM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		Ericsson wrote: KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B NPLs down? That is a pleasant surprise. Which big time borrower came good? The main purpose of the stock market is to make fools of as many people as possible.
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Pesa Nane		#3 Posted : Wednesday, November 08, 2017 4:43:43 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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Ericsson		#4 Posted : Wednesday, November 08, 2017 4:47:01 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		lochaz-index wrote: Ericsson wrote: KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B NPLs down? That is a pleasant surprise. Which big time borrower came good? Contractors who were finally paid by GoK and repaid the loan they had taken Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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lochaz-index		#5 Posted : Wednesday, November 08, 2017 5:28:57 PM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		Pesa Nane wrote: Still bleeding money in SS...they are clinging on the false hopes of salvaging something out of it. The main purpose of the stock market is to make fools of as many people as possible.
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watesh		#6 Posted : Wednesday, November 08, 2017 6:06:20 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		Ericsson wrote: KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B Gain in profit is welcome. Q4 should be much better since we are comparing to a post rate cap period. FY17 should have a slightly hugher growth %
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mlennyma		#7 Posted : Wednesday, November 08, 2017 7:18:26 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		I should consider adding kcb as we await cap lifting ,it will be trading past 60 next year "Don't let the fear of losing be greater than the excitement of winning."
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Ericsson		#8 Posted : Thursday, November 09, 2017 10:24:40 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		The bank is now ripe and healthy to be issuing quarterly dividends similar to the ones on wall street. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mulla		#9 Posted : Friday, December 01, 2017 6:44:53 PM
Rank: Member Joined: 6/15/2013 Posts: 301		http://footprint2africa....named-kenyas-bank-year/ Comes as no surprise though...... If rate caps are removed, which is anticipated, this lion will roar.
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Ebenyo		#10 Posted : Saturday, December 02, 2017 10:21:34 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		Ericsson wrote: The bank is now ripe and healthy to be issuing quarterly dividends similar to the ones on wall street. This year they gave out half year interim dividend.This is a practice they can afford doing henceforth.But on quarterly basis,i doubt. This is because of pan african expansions plans.The plans to venture into Mozambique and Somalia are still very much on the pipeline. Towards the goal of financial freedom
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