obiero wrote:MaichBlack wrote:MaichBlack wrote:obiero wrote:EQTY -8%, SCBK -12%, SBIC -24% down on PBT for Q1 2025. Watch and learn
And the rest???
One can subjectively selected data to say whatever they want. List for all the banks you normally track in the other thread and their percentage increase or decrease and then tell us what you are trying to say.
You can't pick 3 out 10 banks and try to push a certain narrative while totally ignoring the other 7 surely unless you trying to be dishonest.
Flat growth? An oxymoron. I hold the right to free speech. Watch and learn
https://www.citizen.digital/business/equity-group-ceo-james-mwangi-addresses-mass-layoffs-n363709Dr. Mwangi was speaking during the release of the bank's quarter one results, where the lender's earnings dropped to Ksh.15.4 billion on the back of high inflation and currency depreciation in South Sudan.
In the period ending March, the lender saw customer deposits increase by 7 percent to Ksh.1.32 trillion, allowing them to disburse Ksh.804.7 billion in credit, a 3 percent increase.
In the first quarter of the year, the Kenyan business showed strong recovery, outpacing the regional businesses in key metrics, contributing 53% to the lender's deposit growth, 52 percent growth to the loan book, and 51 percent to revenue growth among others.
“South Sudan is going through a very difficult period, with the stoppage of exports of oil and as a result its currency has significantly lost value against the US dollar and the Kenya shilling, so inflation has been high,” noted Dr. Mwangi.
“What has happened is there is an inflationary reporting that we did last year which contributed Ksh.3 billion but this year the inflation has remained stable so there is nothing to register in South Sudan. So it's not that profit has gone down it's up by 8 percent but when you add the inflation accounting last year in South Sudan it looks like it has gone down by 4%.”Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.