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KCB Q1 2014 Results
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mchawi
#1 Posted : Wednesday, April 30, 2014 2:48:00 PM
Rank: New-farer


Joined: 4/4/2011
Posts: 94
Location: Nairobi
Any updates? Was expecting announcement today.
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mlennyma
#2 Posted : Wednesday, April 30, 2014 3:14:10 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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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Aguytrying
#3 Posted : Wednesday, April 30, 2014 4:07:08 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
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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muganda
#4 Posted : Wednesday, April 30, 2014 4:30:10 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905


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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mkeiy
#5 Posted : Wednesday, April 30, 2014 5:06:34 PM
Rank: Member


Joined: 1/27/2012
Posts: 851
Location: Nairobi
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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Ericsson
#6 Posted : Wednesday, April 30, 2014 5:09:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
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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Cde Monomotapa
#7 Posted : Wednesday, April 30, 2014 5:14:19 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
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.

Applause Applause Applause
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Sufficiently Philanga....thropic
#8 Posted : Wednesday, April 30, 2014 5:15:28 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
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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MaichBlack
#9 Posted : Wednesday, April 30, 2014 5:23:52 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
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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Boris Boyka
#10 Posted : Wednesday, April 30, 2014 5:31:38 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
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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MaichBlack
#11 Posted : Wednesday, April 30, 2014 5:33:53 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
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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INTERESTING!
#12 Posted : Wednesday, April 30, 2014 6:17:12 PM
Rank: New-farer


Joined: 4/12/2014
Posts: 56
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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INTERESTING!
#13 Posted : Wednesday, April 30, 2014 6:20:10 PM
Rank: New-farer


Joined: 4/12/2014
Posts: 56
.
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obiero
#14 Posted : Wednesday, April 30, 2014 6:50:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,552
Location: nairobi
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!

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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ngapat
#15 Posted : Wednesday, April 30, 2014 7:18:42 PM
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Joined: 12/11/2006
Posts: 884
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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ngapat
#16 Posted : Wednesday, April 30, 2014 7:32:54 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
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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Ericsson
#17 Posted : Thursday, May 01, 2014 9:25:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
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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mlennyma
#18 Posted : Thursday, May 01, 2014 10:26:24 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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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obiero
#19 Posted : Thursday, May 01, 2014 11:12:37 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,552
Location: nairobi
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

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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guru267
#20 Posted : Thursday, May 01, 2014 11:28:47 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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! Sad
Mark 12:29
Deuteronomy 4:16
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