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KCB FY 2013 profit before tax up 17%

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FUNKY		#1 Posted : Thursday, February 27, 2014 7:40:41 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		FY 13 PBT up by 17 percent
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muganda		#2 Posted : Thursday, February 27, 2014 7:49:34 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Right on the money @FUNKY. Confirmation from their investor relations expert. Live stream from Nation, page not working hmmmn... should have just used the renowned CapitalFM http://ke.kcbbankgroup.c...investing/2013-results/
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muganda		#3 Posted : Thursday, February 27, 2014 8:11:58 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		KCB Group Hits Kshs 20.1 Billion Profit Mark. Total assets up 6% to 391bn Customer deposits up 6% to KShs 305.7bn Net loans up 8% to 227.7bn .....(44% loan book corporate, NPL at 8.1%) Live feed now up, haltingly... International Businesses up 60% to 2.4bn Net Interest Income up 8% to 33.0bn Gross commissions up 9%; other income 22% Cost to Income Ratio now 54% Profit before tax up 17% to 20.1bn Profit after tax up 18% to 14.3bn Dividend Payment up 6%, 2/= dps Kenya accounts for 88% of profits in 2013
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Goldilocks Reloaded		#4 Posted : Thursday, February 27, 2014 8:13:57 AM
Rank: Member Joined: 1/14/2014 Posts: 178		Profit hits KSh. 20.1 Billion. Look forward to the details. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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FUNKY		#5 Posted : Thursday, February 27, 2014 8:28:11 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		DPS declared 2/-
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FUNKY		#6 Posted : Thursday, February 27, 2014 8:29:33 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		muganda wrote: KCB Group Hits Kshs 20.1 Billion Profit Mark. Total assets up 6% to 391bn Customer deposits up 6% to KShs 305.7bn Net loans up 8% to 227.7bn .....(44% loan book corporate, NPL at 8.1%) Live feed now up, haltingly... International Businesses up 60% to 2.4bn Net Interest Income up 8% to 33.0bn Gross commissions up 9%; other income 22% Cost to Income Ratio now 54% Profit before tax up 17% to 20.1bn Profit after tax up 18% to 14.3bn Dividend Payment up 6%, 2/= dps Kenya accounts for 88% of profits in 2013 Kenya accounts for 88 % of profits so subsidiaries are still lagging behind
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cyruskulei		#7 Posted : Thursday, February 27, 2014 8:37:30 AM
Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya		These are excellent results. 50 at the corner. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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muganda		#8 Posted : Thursday, February 27, 2014 8:39:33 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		CEO is reiterating 38% of their revenue came from Fees and Commissions and they are looking at above 40%. And the investor presentation ends with the Lord's prayer. Quite different from how banks run abroad on both counts Consistent performance from first-half, so how will price react this morning?
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muganda		#9 Posted : Thursday, February 27, 2014 9:30:27 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		The full story with special effects Feb 27, 2014 http://ke.kcbbankgroup.com/abou...ors/reports-and-results/
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vastcapital		#10 Posted : Thursday, February 27, 2014 9:48:14 AM
Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi		52/ it is. that's where we settle.
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