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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: 10,696
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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Ericsson
#2 Posted : Thursday, March 08, 2018 8:58:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
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: 1,997
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: 10,696
Location: NAIROBI
..
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#5 Posted : Thursday, March 08, 2018 9:55:15 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
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: 10,696
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
..


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


ksh.23bn
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watesh
#8 Posted : Thursday, March 08, 2018 10:12:02 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
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: 10,696
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: 1,997
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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Realtreaty
#11 Posted : Thursday, March 08, 2018 7:50:19 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
smile
The money makers are those who bought after the Cap drop at lowest. Now they can sell at 50KshDrool
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obiero
#12 Posted : Thursday, March 08, 2018 8:15:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Realtreaty wrote:
smile
The money makers are those who bought after the Cap drop at lowest. Now they can sell at 50KshDrool

There are those who bought post rights issue at KES 23..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pesa Nane
#13 Posted : Thursday, March 08, 2018 8:33:34 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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watesh
#14 Posted : Friday, March 09, 2018 7:48:40 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
KCB subsidiaries outside Kenya not doing so well..
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Ericsson
#15 Posted : Friday, March 09, 2018 10:00:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
watesh wrote:
KCB subsidiaries outside Kenya not doing so well..


What if those economies are they doing well?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#16 Posted : Friday, March 09, 2018 1:20:44 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Sir invest wrote:
Book closure date???



...................................................................................................................................................
DIVIDEND
The Directors note that an interim dividend of Shs. 1 per ordinary share of the company was paid on 31 October, 2017. The Directors have resolved to recommend to members at the
forthcoming 47th Annual General Meeting a final dividend for the year ended 31st December, 2017 of Shs.2 per share to be paid on or about Friday, 29 June, 2018, to shareholders registered
at the close of business on Monday, 30 April, 2018. The register of members will be closed for one day on Wednesday 2 May, 2018 for the purpose of processing the dividend register.
...................................................................................................................................................


last year they paid on 29th may.This year wametusongesha mbele.
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watesh
#17 Posted : Friday, March 09, 2018 2:04:39 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
watesh wrote:
KCB subsidiaries outside Kenya not doing so well..


What if those economies are they doing well?

If you compare with Equity Group Q3 subsidiaries outside Kenya, their assets have already surpassed KCB's. In terms of PBT (before monetary loss) KCB Group had a drop of 2.2bn and of this the Kenyan subsidiary has dropped by only 1bn so the other 1.2bn is from the other subsidiaries outside Kenya. Looking at Equity Q3, the subsidiaries outside KE had a PBT growth of 0.76bn (all subsidiaries including South Sudan were profitable). Same economies two different banks with the same roots.
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Ericsson
#18 Posted : Friday, March 09, 2018 2:11:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
watesh wrote:
Ericsson wrote:
watesh wrote:
KCB subsidiaries outside Kenya not doing so well..


What if those economies are they doing well?

If you compare with Equity Group Q3 subsidiaries outside Kenya, their assets have already surpassed KCB's. In terms of PBT (before monetary loss) KCB Group had a drop of 2.2bn and of this the Kenyan subsidiary has dropped by only 1bn so the other 1.2bn is from the other subsidiaries outside Kenya. Looking at Equity Q3, the subsidiaries outside KE had a PBT growth of 0.76bn (all subsidiaries including South Sudan were profitable). Same economies two different banks with the same roots.


Compare equals.
Audited Full Year results to Full Year Audited Results.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#19 Posted : Tuesday, March 13, 2018 10:47:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
Ksh.50 per share smashed while vvs continues having a negative outlook on the bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#20 Posted : Tuesday, March 13, 2018 12:58:19 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
watesh wrote:
Ericsson wrote:
watesh wrote:
KCB subsidiaries outside Kenya not doing so well..


What if those economies are they doing well?

If you compare with Equity Group Q3 subsidiaries outside Kenya, their assets have already surpassed KCB's. In terms of PBT (before monetary loss) KCB Group had a drop of 2.2bn and of this the Kenyan subsidiary has dropped by only 1bn so the other 1.2bn is from the other subsidiaries outside Kenya. Looking at Equity Q3, the subsidiaries outside KE had a PBT growth of 0.76bn (all subsidiaries including South Sudan were profitable). Same economies two different banks with the same roots.


Compare equals.
Audited Full Year results to Full Year Audited Results.

Equity are still yet to release their full year, but if they (subsidiaries outside Kenya) beat KCB's in just 3 quarters vs KCB's 4 quarters in terms of growth, there is some major underperformance by KCB outside Kenya.
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