Cometh the day,now waiting for the timeth

KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

On the naked eye, it seems like KCB the Lion is doing well, better thank Equity the member. my BBK iko hapo in the chasing pack.

Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision.

If one was to compare with equity, it would have to be done on the basis of interest income and not profit.


Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future.

And it may go to the third.. Actually ABSA may cleanse the spirit. Only EQTY lacks a formidable child account package.. Both COOP and KCB have vibrant entry points for children thro relevant account types. Once you accompany a parent weekend to weekend over formative years to a specific bank, chances are as an adult you will bank at that institution. It's proven scientifically