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KCB Q3 2017
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Ericsson
#1 Posted : Wednesday, November 08, 2017 3:55:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year

Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in

Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment

The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B

Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#2 Posted : Wednesday, November 08, 2017 4:30:44 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year

Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in

Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment

The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B

Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B

NPLs down? That is a pleasant surprise. Which big time borrower came good?
The main purpose of the stock market is to make fools of as many people as possible.
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Pesa Nane
#3 Posted : Wednesday, November 08, 2017 4:43:43 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#4 Posted : Wednesday, November 08, 2017 4:47:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
lochaz-index wrote:
Ericsson wrote:
KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year

Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in

Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment

The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B

Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B

NPLs down? That is a pleasant surprise. Which big time borrower came good?


Contractors who were finally paid by GoK and repaid the loan they had taken
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#5 Posted : Wednesday, November 08, 2017 5:28:57 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Pesa Nane wrote:

Still bleeding money in SS...they are clinging on the false hopes of salvaging something out of it.
The main purpose of the stock market is to make fools of as many people as possible.
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watesh
#6 Posted : Wednesday, November 08, 2017 6:06:20 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
KCB Group has posted a pre-tax profit of Sh.22.4 Billion in the third quarter ending September 30th, 2017 a growth of 3.1% against the same period last year

Total interest income was down 3.6% to KShs. 46.8 billion as the effect of interest rate cap and an economic slowdown in the third quarter set in

Total operating income grew by 4.6% on the back of non-interest income to close the quarter at Shs 53.2 billion cushioning the Group’s earnings in a challenging economic environment

The Net Non-Performing Loans and Advances were down 14.7% from Sh13.05B to stand at Sh11.1B while our Customer Deposits increased by 15.6% from Sh429.3B to Sh496.3B

Overall, our Total Assets improved by 14.5% from Sh562.3B to Sh643.8B with the Net Loans and Advances going up by 15.1% from Sh364.3B to Sh 419.5B

Gain in profit is welcome. Q4 should be much better since we are comparing to a post rate cap period. FY17 should have a slightly hugher growth %
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mlennyma
#7 Posted : Wednesday, November 08, 2017 7:18:26 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
I should consider adding kcb as we await cap lifting ,it will be trading past 60 next year
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#8 Posted : Thursday, November 09, 2017 10:24:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
The bank is now ripe and healthy to be issuing quarterly dividends similar to the ones on wall street.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mulla
#9 Posted : Friday, December 01, 2017 6:44:53 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
http://footprint2africa....named-kenyas-bank-year/

Comes as no surprise though......smile smile If rate caps are removed, which is anticipated, this lion will roar.
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Ebenyo
#10 Posted : Saturday, December 02, 2017 10:21:34 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
The bank is now ripe and healthy to be issuing quarterly dividends similar to the ones on wall street.



This year they gave out half year interim dividend.This is a practice they can afford doing henceforth.But on quarterly basis,i doubt.
This is because of pan african expansions plans.The plans to venture into Mozambique and Somalia are still very much on the pipeline.
Towards the goal of financial freedom
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Kingotore
#11 Posted : Monday, December 04, 2017 7:22:59 AM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
Can Simba go down to sh 38 l board...is it possible ...??
GOOD TO GREAT. KINGOTORE
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obiero
#12 Posted : Monday, December 04, 2017 7:25:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Kingotore wrote:
Can Simba go down to sh 38 l board...is it possible ...??

There’s no significant difference between 38 and 40.. But to answer your question. I don’t think it will

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#13 Posted : Monday, December 04, 2017 9:18:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
The bank is now ripe and healthy to be issuing quarterly dividends similar to the ones on wall street.



This year they gave out half year interim dividend.This is a practice they can afford doing henceforth.But on quarterly basis,i doubt.
This is because of pan african expansions plans.The plans to venture into Mozambique and Somalia are still very much on the pipeline.

Mozambique has fiscal issues. I hope they don't go there
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#14 Posted : Monday, December 04, 2017 2:42:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
http://www.businessdaily...3538-h2sk33z/index.html

KCB is the receiving bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#15 Posted : Monday, January 01, 2018 1:13:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
48.7% return in 2017 plus handsome dividends including the interim
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#16 Posted : Monday, January 01, 2018 6:13:36 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
48.7% return in 2017 plus handsome dividends including the interim



i got 9%in dividend yield and 10% in capital appreciation.This year will improve.The purchase of nbk will add impecheous.
Towards the goal of financial freedom
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obiero
#17 Posted : Monday, January 01, 2018 7:01:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
48.7% return in 2017 plus handsome dividends including the interim



i got 9%in dividend yield and 10% in capital appreciation.This year will improve.The purchase of nbk will add impecheous.

Impetus bro

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ebenyo
#18 Posted : Tuesday, January 02, 2018 5:58:09 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
48.7% return in 2017 plus handsome dividends including the interim



i got 9%in dividend yield and 10% in capital appreciation.This year will improve.The purchase of nbk will add impecheous.

Impetus bro



smile smile thanks for correction.Happy new year.
Towards the goal of financial freedom
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obiero
#19 Posted : Tuesday, January 02, 2018 8:04:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
Ebenyo wrote:
obiero wrote:
Ebenyo wrote:
Ericsson wrote:
48.7% return in 2017 plus handsome dividends including the interim



i got 9%in dividend yield and 10% in capital appreciation.This year will improve.The purchase of nbk will add impecheous.

Impetus bro



smile smile thanks for correction.Happy new year.

Happy new year to you too chief..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Horton
#20 Posted : Thursday, January 11, 2018 8:19:24 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Looks like a fun ride this. 43.75 with supply drying up. Im still holding on here
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