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KCB Q1 2014 Results
Rank: New-farer Joined: 4/4/2011 Posts: 94 Location: Nairobi
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Any updates? Was expecting announcement today.
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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It would have made sense if you had them,but creating a whole topic just to ask?????let those who get them create the topic,on a soft note. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:It would have made sense if you had them,but creating a whole topic just to ask?????let those who get them create the topic,on a soft note. eeh, usilete uchawi hapa. leta results The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Key Performance Highlights:
Total Assets: Up 11% from KShs. 369.5bn to KShs 411.4bn
Net loans and advances: Up 10% from KShs 211.9bn to KShs 233.8bn
Customer deposits: Up 9% from KShs 287.3bn to KShs 313.5bn
Shareholder Equity: Up 21% from KShs. 55.2bn to KShs 66.8bn
International Businesses: Up 13% from KShs 0.6bn to KShs 0.7bn and contributed 12.3% of the Group profit.
Net Interest Income: Up 13% from KShs. 7.4bn to KShs 8.3bn
Fees and commissions: Up 12% from KShs. 2.4bn to KShs. 2.7bn
Other income: Up 129% from KShs. 284mn to KShs. 650.0mn
PBT: Up 31% from KShs. 4.3bn to KShs. 5.6bn
Total Operating Expenses: Declined 2% from KShs. 6.6bn to KShs. 6.4bn
Customer numbers: Up 16% from 2.5million to 3.0million
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time?
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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Not easy for Equity to overtake KCB even with the telco license. The key in the telco license is whether Equity will be able to muscle Safaricom Mpesa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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THIS: “Our cost to income ratio has reduced from 57.6% during the first quarter in 2013 to 49.1% in the same period in 2014 which is good news for our business as we continue to aggressively implement cost management initiatives in our operations,” said the Group Chairman. & THIS: Total Assets for Bancassurance grew by 576% from KShs. 42 million to KShs. 285 million while other income from administrative rebates from Insurance companies earned the Bank KShs. 47 million. “Our agenda for KCB Insurance is two-fold; a strong growth agenda on Bancassurance during quarter one and a solid platform to more than triple our insurance earnings in the current financial year going forward,” said the Group CEO. 
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Simba may have to think outside the box to stay ahead of member in FY2014. Quite an uphill task. Odds against them. @SufficientlyP
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Rank: Elder Joined: 7/22/2009 Posts: 7,561
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mkeiy wrote:PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time? The telco direction Equity is taking is as much a risk as it is an oportunity!!! It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability. Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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MaichBlack wrote:mkeiy wrote:PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time? The telco direction Equity is taking is as much a risk as it is an oportunity!!! It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability. Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies... Member gets the licensing we buy safaricom fights back we buy whichever wins the battle we'll be okay they all win we smile I don't foresee both loosing . Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/22/2009 Posts: 7,561
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Boris Boyka wrote:MaichBlack wrote:mkeiy wrote:PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time? The telco direction Equity is taking is as much a risk as it is an oportunity!!! It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability. Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies... Member gets the licensing we buy safaricom fights back we buy whichever wins the battle we'll be okay they all win we smile I don't foresee both loosing . I'm in both Member and Safcom!!! They might actually both win - If Member can eat into margins of the other banks and Safcom from the margin of the other telcos as a side effect of the battle!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 4/12/2014 Posts: 56
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MaichBlack wrote:mkeiy wrote:PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time? The telco direction Equity is taking is as much a risk as it is an oportunity!!! It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability. Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies... @MaichBlack ....I like this analysis. I am beginning to think that buying Equity will be a hedge against Safaricom going forward. If both do well you gain, if Equity's strategy fails, Safaricom wins and if Equity's strategy succeeds Safaricom might take a beating....but at this time I am bullish on Equity, I think they will succeed but it may take time. Will its profitability overtake KCB? It could. Q1 KCB PAT 28.63% Equity 20.68% growth. KCB subsidiary PAT 1.11% Equity 33.22%. KCB NII 12.84% Equity 2.05% telco might help Equity grow faster here (think micro loans) KCB Non II 19.48% Equity 23.88% telco might help Equity grow faster here (think money transfer revenues) KCB Loans 10.35% Equity 28.48% growth but KCB has 54billion more in loans KCB deposits 9.12% Equity 18.28%
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Rank: New-farer Joined: 4/12/2014 Posts: 56
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Rank: Elder Joined: 6/23/2009 Posts: 13,763 Location: nairobi
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INTERESTING! wrote:MaichBlack wrote:mkeiy wrote:PBT for KCB 5.6Bn vs Equity's 5.4Bn.
With Equity getting a telco license,does it mean they might overtake Kcb in profitability in 18 months' time? The telco direction Equity is taking is as much a risk as it is an oportunity!!! It will require quite an outlay to develop the infrastructure. If it works it will graually reduce their cost/income ratio and hence higher profitability. If it fails... They will have sunk in money which will not bring significant returns hence reduced profitability. Convincing people to switch [Especially from Safcom] will the biggest task. Also, don't expect Safcom to take it laying down. Safcom has fought some serious battles to get where they are. Equity has also fought some serious battles [probably harder] to get where they are. This is going to be one serious gloves off heavy weight battle. Two battle hardened companies... @MaichBlack ....I like this analysis. I am beginning to think that buying Equity will be a hedge against Safaricom going forward. If both do well you gain, if Equity's strategy fails, Safaricom wins and if Equity's strategy succeeds Safaricom might take a beating....but at this time I am bullish on Equity, I think they will succeed but it may take time. Will its profitability overtake KCB? It could. Q1 KCB PAT 28.63% Equity 20.68% growth. KCB subsidiary PAT 1.11% Equity 33.22%. KCB NII 12.84% Equity 2.05% telco might help Equity grow faster here (think micro loans) KCB Non II 19.48% Equity 23.88% telco might help Equity grow faster here (think money transfer revenues) KCB Loans 10.35% Equity 28.48% growth but KCB has 54billion more in loans KCB deposits 9.12% Equity 18.28% Shida ya watu hapa wazua ni kusahau haraka. I told you guys that equity will surpass the green one again by this year. The same happened in 2008-2009 so it wont be nothin new. Coop will also surpass the green one in next four years. As for the telco license that equity has obtained, the same will drown all other banks!
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 12/11/2006 Posts: 896
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Now we wait cfc. They should exceed 31% growth rate or i'm out “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 12/11/2006 Posts: 896
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Here are the numbers http://ke.kcbbankgroup.c...cial_Results_Q1_2014.pdf“Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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Guys Equity beating KCB this year in profitability is a pipe dream. Historically Equity has been beating KCB in Quarter 1 and KCB recovers in Quarter 2 and takes the mantle including last year. This year we have seen a shift.Going forward the gap between KCB and Equity is going to widen. KCB is even growing faster than Equity in terms of profit growth. Half year results I see KCB doing ksh.12B ++ and Equity will manage about ksh.10.8b or thereabouts. Full year 2014 KCB will clock ksh.25B profit before tax;watch the space Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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What is this arguement all about???equity is already more profitable than kcb looking at each banks capital base and resources and the profit each creates from its resources. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,763 Location: nairobi
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mlennyma wrote:What is this arguement all about???equity is already more profitable than kcb looking at each banks capital base and resources and the profit each creates from its resources. well said @mlennyama. knowledge is knowing both tomato and banana are fruits. Wisdom is knowing that one cannot be put into the fruit salad
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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With KCBs cost to income ratio falling Equity will not be catching up any time soon! Equity's adventure into the telco space will be their downfall! Whats all the positivity about?? The level of capital outlay needed will dent earnings for years to come.. Why invest in a sector where for the last 5 years only 1 player is profitable?? Just because telcos are making money in the finance space doesnt mean vice versa will work... What happened to core business focus?? The Kenyan telco market is a company graveyard!  Mark 12:29
Deuteronomy 4:16
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