[quote=Ericsson]National Bank of Kenya has today announced KShs 675 million in profit before tax and exceptional items for the period ending September 30, 2019, representing a 45% increase over a similar period in 2018.

NBK achieved this level of growth against the backdrop of a challenging environment, both externally & internally. Our main focus has been enhancing customer experience, preserving & optimizing value while effectively mitigating risks through proactive risk management.

Total expenses, however, increased by 4% year-on-year to KShs 5.4 billion, mainly driven by increased loan loss provisions. Operating expenses excluding loan provisions remained relatively flat at KShs 5.4 billion.

Operating income for the period stood at Sh6B, a 7% increase from Sh5.6B over the same period in the previous year. This was mainly due to growth in interest earned from loans & advances & other earning assets, coupled with continuing diversification of funding base.

https://twitter.com/National_Bank[/quote]



At least kcb group plc is sure that it bought a cow that is productive.

Next now is Ethiopia establishing a subsidiary/operation.
The country is opening up

A representative office was opened up in 2016! https://www.capitalfm.co...in-ethiopia-operations/[/quote]


Fair value should be at least 84/- here considering EPS is 7.83

"National Bank of Ethiopia (equivalent of our CBK) planned to increase the minimum capital for banks to operate to 2 billion Birr ($90 million) and instructed all commercial banks to increase their capital to that amount by 2020."

Kcb to release Q3 results this week