Any news? Or was this fake news?

-Asset Base Ksh.1.14 trillion
-Revenues increased by 13.5% to KShs.108.6 billion on account of a rise in net interest
income which was up 15.0% to KShs.77.7 billion. -Non funded income grew by 9.9%
to KShs.30.9 billion on increased customer transactions, FX income and income from
accelerated loan growth.
-Costs went up by 11.9% to KShs.47.8 billion from KShs.42.8 billion on account of an
increase in staff and organisational costs, consolidation of Banque Populaire du
Rwanda (BPR) and inflationary adjustments across the group
-Profit before tax ksh.47.8bn
-Profit After tax Ksh.34.17bn
-Earnings per share Ksh.10.64
-Final Dividend Ksh.2

KCB Group FY 2021 Results [KES]:

- Total Assets +15.3% to 1.14T
- Loan book +13.4% to 675.4B
- Customer Deposits +9.1% to 837.1B
- Total Interest Income +15.1% to 102.1B
- Loan loss provision -52.2% to 12.9B
- PAT +74.3% to 34.1B
- EPS 10.64 [2020: 6.10]
- DPS 3.00 [2020: 1.00]

With that tiny payout ratio, I hope they are acquiring a major bank in DRC

Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

KCB's negotiations to buy local bank in DRC may be completed by next quarter:
The deal the bank said will push the regional lender's assets towards the ksh.1.5 trillion mark in the next financial year.
Chief executive Joshua Oigara told the East Africanthat negotiations for a potential buyout are at an advanced stage and the deal should be completed in the next quarter.
The negotiations have taken a bit longer largely because of the December holidays when people were stuck on annual audits and financial statements.
The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year.

We have an ambition to grow our balance sheet to Ksh1.5 trillion ($13.15 billion) which is the key ambition for us this year

https://pbs.twimg.com/me...rmat=png&name=small

https://www.theeastafric...-expansion-plan-3753412[/quote]


DRC would firmly solidify KCB as the biggest bank by assets in Eastern Africa. Progress in Rwanda is amazing, number 2 already in the market. Tanzania looks very promising, hope they one day break into that top 5 and perform a miracle to break the grip of NMB & CRDB. Uganda, still needs more work.