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KCB FY2017
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Ericsson
#1 Posted : Thursday, March 08, 2018 8:45:33 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Total Assets up 9% from ksh.595.2bn to ksh.646.7bn
Net loans and advances up 10% from ksh.386bn to ksh.423bn
Provisions for bad debts up by 55% from sh.3.8bn to sh.5.9bn
Customer deposits up 11% from sh.448.2bn to sh.499.5bn
Shareholder funds increasing by 10% from sh.97bn to 106bn

Profit before tax at ksh.29.1bn
Profit after tax at ksh.19.7bn

Final dividend of ksh.2 per share bringing the total dividend to ksh.3 per share


KCB Bank kenya Profit before tax at ksh.27.5bn 4% down from 2016 of ksh.28.5bn
Profit after tax at ksh.19.2bn down 3% compared to 2016 of ksh.19.8bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, March 08, 2018 8:55 AM | Reason: Not specified
Ericsson
#2 Posted : Thursday, March 08, 2018 8:58:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Taking into consideration business performance during the current year (2018),the group anticipates it shall be able to pay an interim dividend to shareholders
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#3 Posted : Thursday, March 08, 2018 9:34:04 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Total Assets up 9% from ksh.595.2bn to ksh.646.7bn
Net loans and advances up 10% from ksh.386bn to ksh.423bn
Provisions for bad debts up by 55% from sh.3.8bn to sh.5.9bn
Customer deposits up 11% from sh.448.2bn to sh.499.5bn
Shareholder funds increasing by 10% from sh.97bn to 106bn

Profit before tax at ksh.29.1bn
Profit after tax at ksh.19.7bn

Final dividend of ksh.2 per share bringing the total dividend to ksh.3 per share


KCB Bank kenya Profit before tax at ksh.27.5bn 4% down from 2016 of ksh.28.5bn
Profit after tax at ksh.19.2bn down 3% compared to 2016 of ksh.19.8bn



10% shareholder funds increase is good.This gives the company a NAV of kshs 34.60 per share,a 10% increase from 2016 of kshs 31.50 per share.
This is not bad for me as its closing in on my current ABP of kshs 38.20 per share.
Towards the goal of financial freedom
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Ericsson
#4 Posted : Thursday, March 08, 2018 9:36:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
..
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
  | | Edit by user: Thursday, March 08, 2018 9:38 AM | Reason: Not specified
Ebenyo
#5 Posted : Thursday, March 08, 2018 9:55:15 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
..


@Ericson,how are the figures from non interest income?
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Sir invest
#6 Posted : Thursday, March 08, 2018 10:06:24 AM
Rank: Member

Joined: 8/19/2015
Posts: 125
Book closure date???
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Ericsson
#7 Posted : Thursday, March 08, 2018 10:10:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
..


@Ericson,how are the figures from non interest income?


ksh.23bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#8 Posted : Thursday, March 08, 2018 10:12:02 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ebenyo wrote:
Ericsson wrote:
Total Assets up 9% from ksh.595.2bn to ksh.646.7bn
Net loans and advances up 10% from ksh.386bn to ksh.423bn
Provisions for bad debts up by 55% from sh.3.8bn to sh.5.9bn
Customer deposits up 11% from sh.448.2bn to sh.499.5bn
Shareholder funds increasing by 10% from sh.97bn to 106bn

Profit before tax at ksh.29.1bn
Profit after tax at ksh.19.7bn

Final dividend of ksh.2 per share bringing the total dividend to ksh.3 per share


KCB Bank kenya Profit before tax at ksh.27.5bn 4% down from 2016 of ksh.28.5bn
Profit after tax at ksh.19.2bn down 3% compared to 2016 of ksh.19.8bn


10% shareholder funds increase is good.This gives the company a NAV of kshs 34.60 per share,a 10% increase from 2016 of kshs 31.50 per share.
This is not bad for me as its closing in on my current ABP of kshs 38.20 per share.

Wow I envy your ABP...mine is at 45
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Ericsson
#9 Posted : Thursday, March 08, 2018 1:37:10 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
KCB incurred a one off 2 billion shillings expense on account of the reorganization program that saw 316 staff released.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#10 Posted : Thursday, March 08, 2018 2:48:04 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Sir invest wrote:
Book closure date???



AGM will be held on 27th Aprill.So i think afterwards,unacheck ministatement kwa atm yako uone kama EFT imeingia.
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