Equity Bank FY 2011 Earnings compared to its peers
See how Equity Bank earnings with its peer banks. Post by Davis Mika at Contrarian Investing Kenya
British American Revamps Its Branch Network
British American has revamped its network of branches by refurbishing and expanding 8 branches and opening additional 4 new ones in the country. This aggressive branch expansion exercise is part of the company’s expansion plans and a fulfillment of its ambition to taking insurance and asset management closer…
Understanding the CBK's Monetary Policy stuff
Does the phrase 'CBK's MPC retains CBR' sound like Greek to you? Here's how to make sense of what the Central Bank of Kenya is on about when they talk of monetary policy
CBK Retains Rate at 18%
The Central Bank of Kenya Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR), the price at which the CBK lends money overnight to commercial banks, at 18 per cent, via a statement released by the CBK. The MPC noted that the hike of the the CBR and other actions…
Measures to Deal with Inflation Paying Off
The government’s decision to cut down on the politicking and instead team up with the private sector to combat inflation seems to be paying off. As recently observed the shilling appears to be stabilizing fairly well, and seems to be growing stronger every day. We say this in…
Inflation declines to 16.92%
The government’s target of lowering inflation to as low as 9% to 7% seems to be getting on track, this is as per the recently released Kenya Bureau of Statistics CPI and Inflation Rates February report. The report indicates that inflation rates have declined by 1.62 percentage…
KCB declares KES 15 Billion in pre-tax profit for 2011
Kenya Commercial Bank’s profit after tax rose by 53 per cent in 2011, rising from 9.8 Billion in 2010 to KES 15.1 Billion in 2011. The bulk of the earnings, KES 14B, was contributed by KCB bank wile its subsidiaries in Tanzania, Uganda, Rwanda and South Sudan contributed…
KCB Bank Full Year 2011 Earnings: My Analysis
December 2011 Millions Ksh
December 2010 Millions Ksh
Net Interest Income
23,286
19,645
Non Interest Revenue (NIR)
16,022
11,016
Total Operating Income (TOI)
39,309
30,661
Total Operating Expenses
24,179
...
NIC Bank AGM on 2nd May, 2012. Agenda
The fifty second Annual General Meeting of the shareholders of NIC Bank Limited will be held at the Kenyatta International Conference Centre (KICC) – Tsavo Ball Room, Nairobi, on Wednesday 2nd May, 2012 at 11.00a.m. The directors of the company will be seeking apporoval on the following items:…
Understanding Inflation, Interest Rates and the CBK
A couple of weeks back, when posting the CBK’s announcement on the Central Bank Rate, I could not remember when the Monetary Policy Committee had raised the Central Bank Rate to 18% so I turned to the person next to…
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